Prepare a vertical analysis. Round percents to the nearest tenth of a percent. Wandell's Garden Shop had a cost of goods sold of $94,000, operating expenses of $60,000, and net sales of $299,000.

Question

A. Percent cost of goods sold = 31.4%
Percent operating expenses = 11.4%
B. Percent cost of goods sold = 20.1%
Percent operating expenses = 31.4%
C. Percent cost of goods sold = 11.4%
Percent operating expenses = 31.4%
D. Percent cost of goods sold = 31.4%
Percent operating expenses = 20.1%

Answer 1

Answer: D