Olivera Ltd Provides the Following Data for the Year 2016

question 85

Multiple Choice

Olivera Ltd provides the following data for the year 2016: $$\begin{array} { | l | l | } \hline \text { Sales revenue } & \$ 629,000 \\\hline \text { Sales returns and allowances } & 20,000 \\\hline \text { Sales discounts } & 6000 \\\hline \text { Net sales revenue } & \$ 603,000 \\\hline \text { Cost of sales } & \$ 390,000 \\\hline\end{array}$$ On a vertical analysis report,the gross profit as a percentage of net sales will be:

• A)35.32%
• B)33.86%
• C)36.32%
• D)64.68%

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Definitions:

Likelihood

The probability or chance that a particular event will occur.

Practice

The repeated exercise or application of an activity or skill to acquire or maintain proficiency in it.

Effective

Achieving desired outcomes or goals with efficiency, often denoting success in accomplishing tasks or objectives.

Creativity

The use of imagination or original ideas to create something; inventiveness.