Shelcal,Inc The Cost of Goods Sold as a Percentage of Net

question 84

Multiple Choice

Shelcal,Inc.provides the following data for the year 2017: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 410,000 \\\hline \text { Sales Returns and Allowances } & 1,000 \\\hline \text { Sales Discounts } & \underline { 830 } \\\hline \text { Net Sales Revenue } & 408,170 \\\hline \text { Cost of Goods Sold } & \underline { 255,000 } \\\hline\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________.(Round your answer to two decimal places. )

• A)62.63%
• B)62.76%
• C)62.20%
• D)62.47%

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