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Marigold, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $270 Cost...

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Question

Accounting

Marigold, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $270 Cost of Goods Sold 189 Gross Profit 81 Operating Expenses 52 Net Income $29 Using vertical analysis, what percentage is assigned to gross profit?

  • A.

    30.0%

  • B.

    100.0%

  • C.

    81%

  • D.

    70.0%

Answer & Explanation Solved by verified expert
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