If Cara's Piano Sales Increased from $46,000 to $68,000 and Its

question 71

Multiple Choice

If Cara's Piano sales increased from $46,000 to $68,000 and its cost of goods sold decreased from $29,000 to $16,000, then vertical analysis based on sales would show the following for cost of goods sold (rounded to the nearest percent) :

• A) 63% and 24%.
• B) 43% and 35%.
• C) 55% and 68%.
• D) 68% and 43%.

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