Shelcal Inc. provides the following data for the year 2015: Sales Revenue $400,000 Sales Returns...
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Accounting
Shelcal Inc. provides the following data for the year 2015: Sales Revenue $400,000 Sales Returns and Allowances 1,200 Sales Discounts 800 Net Sales Revenue $398,000 On vertical analysis report, cost of goods sold as a percentage of net sales will amount to: A) 59.42% B) 61.15% C) 63.48% D) 64.07%
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