Shelcal Inc. provides the following data for the year 2017: Sales Revenue $410,000 Sales Returns and Allowances 1,000 Sales Discounts Net Sales Revenue 830 408,170 255,000 Cost of Goods Sold The cost of goods sold as a percentage of net sales revenue is A. 62.76% B. 62.63% C. 62.20% D. 62.47%

Shelcal Inc. provides the following data for the year 2017: Sales Revenue $410,000 Sales Returns and Allowances 1,000 Sales Discounts Net Sales Revenue 830 408,170 255,000 Cost of Goods Sold The cost of goods sold as a percentage of net sales revenue is A. 62.76% B. 62.63% C. 62.20% D. 62.47%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Hi expert provide correct answer general accounting

Shelcal Inc. provides the following data for the year 2017:
Sales Revenue
$410,000
Sales Returns and Allowances 1,000
Sales Discounts
Net Sales Revenue
830
408,170
255,000
Cost of Goods Sold
The cost of goods sold as a percentage of net sales revenue is
A. 62.76%
B. 62.63%
C. 62.20%
D. 62.47%

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