Prepare a vertical analysis. Round percents to the nearest tenth of a percent. Rosie's Cleaning Service had a cost of goods sold of $48,000, operating expenses of $218,000, and net sales of $365,000.

Question

A. Percent cost of goods sold = 13.2%
Percent operating expenses = 72.9%
B. Percent cost of goods sold = 72.9%
Percent operating expenses = 13.2%
C. Percent cost of goods sold = 59.7%
Percent operating expenses = 13.2%
D. Percent cost of goods sold = 13.2%
Percent operating expenses = 59.7%

Answer 1

Answer: D