Author Question: >The Garden Shop had a cost of goods sold of $108,000, operating expenses of $40,000, and net sales ... (Read 241 times)

karateprodigy · **on:** Feb 26, 2020

Question 1

An income statement is a financial statement of a business:
◦ only when the business is showing a profit
◦ both over a period of time and only when the business is showing a profit
◦ as of a certain date
◦ over a period of time

Question 2

>The Garden Shop had a cost of goods sold of $108,000, operating expenses of $40,000, and net sales of $210,000. Find the cost of goods sold percent of net sales and operating expenses percent of net sales.
◦ cost of goods sold percent of net sales: 19.0%, operating expenses percent of net sales: 51.4%
◦ cost of goods sold percent of net sales: 51.4%, operating expenses percent of net sales: 32.4%
◦ cost of goods sold percent of net sales: 32.4%, operating expenses percent of net sales: 51.4%
◦ cost of goods sold percent of net sales: 51.4%, operating expenses percent of net sales: 19.0%

meltdown117 · **Reply #1 on:** Feb 26, 2020

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 32% of students answer this correctly