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Zebra Company reports the following figures for the years ending December 31, 2019 and 2018:   　  2019   2018   Net Sales   $65,000   $40,000   Cost of Goods Sold   42,000   31,000   Gross Profit   $23,000   $9,000   What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%)   A. 100%, 155.6%, 35.5%   B. 62.5%, 35.5%, 155.6%   C. 100%, 0.7%, 0.4%   D. 155.6%, 62.5%, 35.5%

Zebra Company reports the following figures for the years ending December 31, 2019 and 2018:   　  2019   2018   Net Sales   $65,000   $40,000   Cost of Goods Sold   42,000   31,000   Gross Profit   $23,000   $9,000   What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%)   A. 100%, 155.6%, 35.5%   B. 62.5%, 35.5%, 155.6%   C. 100%, 0.7%, 0.4%   D. 155.6%, 62.5%, 35.5%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Zebra Company reports the following figures for the years ending December 31, 2019 and 2018:

 

　 

2019

 

2018

 

Net Sales

 

$65,000

 

$40,000

 

Cost of Goods Sold

 

42,000

 

31,000

 

Gross Profit

 

$23,000

 

$9,000

 

What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%)

 

A. 100%, 155.6%, 35.5%

 

B. 62.5%, 35.5%, 155.6%

 

C. 100%, 0.7%, 0.4%

 

D. 155.6%, 62.5%, 35.5%

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