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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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9 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
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nucleinuclei
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9 years ago
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bernie2981 Author
wrote...

9 years ago
Thanks for your help!!
vanna2014
wrote...

Yesterday
Good timing, thanks!
ky
wrote...

2 hours ago
Helped a lot
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