Consider the following income statement data for Carla Vista Inc.: 2024 2023 Sales revenue $99300 $89800 Less: Cost of goods sold 48100 54900 Gross profit 51200 34900 Less: Selling and administration costs 24825 18200 Net Income $26375 $16700 The common-size percentage for selling and administration costs in 2024 was Select answer from the options below 48.5% 25.0% 23.5% 94.1%
Consider the following income statement data for Carla Vista Inc.: 2024 2023 Sales revenue $99300 $89800 Less: Cost of goods sold 48100 54900 Gross profit 51200 34900 Less: Selling and administration costs 24825 18200 Net Income $26375 $16700 The common-size percentage for selling and administration costs in 2024 was Select answer from the options below 48.5% 25.0% 23.5% 94.1%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Consider the following income statement
data for Carla Vista Inc.: 2024 2023 Sales
revenue $99300 $89800 Less: Cost of
goods sold 48100 54900 Gross profit
51200 34900 Less: Selling and
administration costs 24825 18200 Net
Income $26375 $16700 The common-size
percentage for selling and administration
costs in 2024 was Select answer from the
options below 48.5% 25.0% 23.5% 94.1%
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