Prepare a vertical analysis. Round percents to the nearest tenth of a percent. Wandell's Garden Shop had a cost of goods sold of $111,000, operating expenses of $43,000, and net sales of $203,000.

Question

A. Percent cost of goods sold = 33.5%
Percent operating expenses = 54.7%
B. Percent cost of goods sold = 54.7%
Percent operating expenses = 33.5%
C. Percent cost of goods sold = 54.7%
Percent operating expenses = 21.2%
D. Percent cost of goods sold = 21.2%
Percent operating expenses = 54.7%

Answer 1

Answer: C