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Gavette Company Reported the Following Information for the Current Year

Question 65

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Gavette Company reported the following information for the current year and prior year: Gavette Company reported the following information for the current year and prior year: What would a vertical analysis report with respect to the relationship between current year net sales revenue and COGS? A) COGS was 60.00% of net sales revenue B) A 8.20% decrease from prior to current year C) An increase of $19,680 from prior to current year D) An increase of $146,880 from prior to current year What would a vertical analysis report with respect to the relationship between current year net sales revenue and COGS?


A) COGS was 60.00% of net sales revenue
B) A 8.20% decrease from prior to current year
C) An increase of $19,680 from prior to current year
D) An increase of $146,880 from prior to current year

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