Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

96: if Cara 's sales increased from$40,000 to $60,000 and its cost of goods sold increased from $20,000 to $40,000, then vertical analysis based on sales would show the cost of goods sold as%

a. 40% and 20%

b. 10% and 30%

c. 50% and 67%

d. 67% and 40%

Mar 7th, 2015

C

Mar 7th, 2015

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