The Garden Shop had a cost of goods sold of $108,000, operating expenses of $49,000, and net sales of $272,000. Find the cost of goods sold percent of net sales and operating expenses percent of net sales.
Thank you for the opportunity to help you with your question!
cost of goods sold = 108000
Net sales = 272000
cost of goods sold % of net sales = 108400/272000 *100 = 39.70 %
operating expense % of net sales = 49000/272000 *100 = 18.01 %
Please find the solution enclosed here with .. In case of any doubt please feel free to ask… Do not forget to best my answer… If you are having some other problem please feel free to contact me for quick & quality services..
Jul 10th, 2015
Did you know? You can earn $20 for every friend you invite to Studypool!