Multiple Choice
If Cara's Piano sales increased from $40,000 to $60,000 and its cost of goods sold decreased from $24,000 to $12,000,then vertical analysis based on sales would show the following for cost of goods sold (rounded to the nearest percent) :
A) 60% and 20%.
B) 10% and 30%.
C) 50% and 67%.
D) 67% and 40%.
Correct Answer:
Verified
Correct Answer:
Verified
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