Zebra Company reports the following figures for the years ending December 31,2019 and 2018: What are the percentage changes from 2018 to 2019 for Net Sales,Cost of Goods Sold and Gross Profit,respectively? (Round your final answers to one decimal place,X.X%)
A)100%,30.8%,33.3%
B)100%,0.8%,0.8%
C)30.8%,32.6%,33.3%
D)32.6%,33.3%,30.8%

Question

Zebra Company reports the following figures for the years ending December 31,2019 and 2018:  What are the percentage changes from 2018 to 2019 for Net Sales,Cost of Goods Sold and Gross Profit,respectively? (Round your final answers to one decimal place,X.X%)
A)100%,30.8%,33.3% 
B)100%,0.8%,0.8% 
C)30.8%,32.6%,33.3% 
D)32.6%,33.3%,30.8%

Quizplus · Accepted Answer

Net Sales: ($61,000 - $46,000)÷ $46,000 = 32.6%
Cost of Goods Sold: ($44,000 - $33,000)÷ $33,000 = 33.3%
Gross Profit: ($17,000 - $13,000)÷ $13,000 = 30.8%

Zebra Company Reports the Following Figures for the Years Ending