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Assume you are using net sales as the base in vertical analysis. Cost of goods sold in 2013 is 67%, ...

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Assume you are using net sales as the base in vertical analysis. Cost of goods sold in 2013 is 67%, ...

Assume you are using net sales as the base in vertical analysis. Cost of goods sold in 2013 is 67%, and is 70% in 2014. This would always indicate that:
A) gross margin has declined
B) cost of goods sold as a percentage of net sales has increased
C) the dollar amount of cost of goods sold has increased
D) gross margin has declined, cost of goods sold as a percentage of net sales has increased, and the dollar amount of cost of goods sold has increased

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Exploring Microsoft Office 2013, Volume 2, Canadian Edition

Edition: 1^st

Authors: Grauer, Jenne, Igonor

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