If Cara's Piano Sales Increased from $40,000 to $60,000 and Its

Multiple Choice

If Cara's Piano sales increased from $40,000 to $60,000 and its cost of goods sold increased from $20,000 to $40,000,then vertical analysis based on sales would show the following for cost of goods sold (rounded to the nearest percent) :

A) 40% and 20%.
B) 10% and 30%.
C) 50% and 67%.
D) 67% and 40%.