Question: If vertical analysis, using net sale as the bade, show a 68% figure of cost of good sold im the prior year, and a 71%
If vertical analysis, using net sale as the bade, show a 68% figure of cost of good sold im the prior year, and a 71% figure for the current year, this would always mean that ? a- gross margin has increased b- cost of goods sold as a percentage of net sales has increased c-net income has increased d-the dollar amount of cost of goods sold has imcreased
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
