If Coyote Company's net sales decreased from $93,000 in year 1 to $47,000 in year 2 and its cost of goods sold decreased from $29,000 in year 1 to $16,000 in year 2, the vertical analysis based on sales would show the following for cost of goods sold for the two periods: (Round your final answer to the nearest percentage.)
A) 31% and 34%.
B) 34% and 31%.
C) 321% and 294%.
D) 294% and 321%.
A) 31% and 34%.
Explanation: cogs/net sales; ex: $29,000 / $93,000 = 31% and $16,000 / $47,000 = 34%
You might also like to view...
A carefully drawn _____ can provide a useful representation of a system, whether existing or planned.
A. directed acyclic graph B. business process model C. structure chart D. data flow diagram
A company using kaizen costing emphasizes:
A) reducing the amount of employees. B) reducing quality of inputs. C) increasing overhead costs. D) reducing non-value-added cost.
Which of the following is a characteristic of a check?
A) It always draws its money from a financial institute. B) It is created when credit is extended to a buyer by a seller. C) It is a two-party instrument. D) It is an unconditional written promise to pay.
Choose the correct word in parentheses. The orchestra (is, are) in their places