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INF WE You tube to ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14...

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INF WE You tube to ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 12 of 15 (8 complete) 14.2-28 To follow is selected information about the Little Dipper Company for the current year and prior year, Account Current Prior Net sales revenue $648,000 $595,000 Cost of goods sold $414,720 $425,000 Gross profit $233,280 $170,000 Selling general expenses $149,540 $93,500 Net income before tax $83,740 $76,500 Income tax $25,920 $22,800 Net income $57,820 $53,700 What is the current year's selling and general expenses percentage (as would be found on a vertical analysis of the income statement for the current year)? O A. 8.92% OB 23.08% O c. 64.10% D. 5.99%

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