If Island Coffee's Net Sales Decreased from $90,000 in Year

question 84

Multiple Choice

If Island Coffee'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 show the following for cost of goods sold for the two periods (rounded to nearest tenth of a percent) :

• A)33.3% and 44.4%.
• B)44.4% and 33.3%.
• C)300% and 225%.
• D)225% and 300%.