If Rick's Sales Increased from $40,000 to $80,000 and Its

question 73

Multiple Choice

If Rick's sales increased from $40,000 to $80,000 and its cost of goods sold increased from $30,000 to $50,000,then vertical analysis based on sales would show the following for cost of goods sold for the two periods:

• A)75% and 62.5%.
• B)62.5% and 75%
• C)133.33% and 160%
• D)160% and 133.33%.

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Definitions:

Refusal

The act of declining or rejecting an offer, request, or demand.

Iroquois Domination

The period or instances in which the Iroquois Confederation exerted significant influence or control over territories and other tribes in northeastern America.

Independence

The state or quality of being self-governing and not subject to external control or authority.

Alcohol

A volatile, flammable liquid that is the active ingredient in drinks such as beer, wine, and liquor, produced by the fermentation of sugars.