1.If Tucker, Inc.\'s net sales decreased from $90,000 in year 1 to $45,000 in ye

Question

1.If Tucker, Inc.'s net sales decreased from $90,000 in year 1 to $45,000 in year 2 and its cost of goods sold decreased from $30,000 in year 1 to $20,000 in year 2, the vertical analysis based on sales would should the following for cost of goods sold for the two periods (rounded to nearest tenth of a percent)

a. 44.4% and 33.3%

B.33.3% and 44.4%

C. 300% and 225%

D. 225% and 300%

2. If Net Sales at Town and Country, Inc. increased from $40,000 to $60,000 and its cost of goods sold increased from $20,000 to $40,000 , the vertical analysis based on net salles would show the following percentages for cost of goods sold

A. 50% and 67%

B. 40% and 20%

C. 10% and 30%

D. 67% and 40%

Explanation / Answer

1) B.33.3% and 44.4%

2) A. 50% and 67%

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