Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
To follow is selected information about The Boston Company for the current year and prior year.

Account   Current   Prior
Net sales revenue   $648,000   $595,000
Cost of goods sold   $414,720   $425,000
Gross profit   $233,280   $170,000
Selling/general expenses    $149,040   $93,500
Net income before tax    $84,240   $76,500
Income tax   $25,920   $22,800
Net income   $58,320   $53,700

What is the current year's selling and general expenses percentage (as would be found on a vertical analysis of the income statement for the current year)?
A) 23.00%
B) 25.05%
C) 14.43%
D) 159.40%
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 233 times
1 Reply
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...

8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
paulinaibarra98
wrote...

Yesterday
Thanks
joyceess
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1271 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 357
  
 510
  
 232
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Which 'study break' activity do you find most distracting?