Use the following information for questions 6-7. Accounts receivable.....$ 2,500 Cost of goods sold........ 200,000 Profit................

 

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Use the following information for questions 6-7. Accounts receivable.....$ 2,500 Cost of goods sold........ 200,000 Profit............. 50,000 Net sales. Sales....... 450,000 500,000 Total assets. 250,000 Total current assets....... 25,000 6. In performing a vertical analysis, the percentage for accounts receivable is (a) 0.5%. (b) 1.0%. (c) 5.0%. (d) 10.0%. 7. In performing a vertical analysis, the percentage for cost of goods sold is (a) 4.4%. (b) 40.0%. (c) 44.4%. (d) 400.0%. Use the following information for questions 6-7. Accounts receivable.....$ 2,500 Cost of goods sold........ 200,000 Profit............. 50,000 Net sales. Sales....... 450,000 500,000 Total assets. 250,000 Total current assets....... 25,000 6. In performing a vertical analysis, the percentage for accounts receivable is (a) 0.5%. (b) 1.0%. (c) 5.0%. (d) 10.0%. 7. In performing a vertical analysis, the percentage for cost of goods sold is (a) 4.4%. (b) 40.0%. (c) 44.4%. (d) 400.0%.

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6 Option b 10 7 Option C 444 Numerator Accounts ... View the full answer