Prepare a vertical analysis. Round percents to the nearest tenth of a percent. Rosie's Cleaning Service had a cost of goods sold of $44,000, operating expenses of $216,000, and net sales of $380,000.

Question

A. Percent cost of goods sold = 11.6%
Percent operating expenses = 68.4%
B. Percent cost of goods sold = 68.4%
Percent operating expenses = 11.6%
C. Percent cost of goods sold = 56.8%
Percent operating expenses = 11.6%
D. Percent cost of goods sold = 11.6%
Percent operating expenses = 56.8%

Answer 1

Answer: D