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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
If Island Coffee's net sales decreased from $90,000 in year 1 to $45,000 in year 2 and its cost of goods sold decreased from $30,000 in year 1 to $20,000 in year 2, the vertical analysis based on sales would show the following for cost of goods sold for the two periods (rounded to nearest tenth of a percent):
A) 33.3% and 44.4%.
B) 44.4% and 33.3%.
C) 300% and 225%.
D) 225% and 300%.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
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