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question shelcal inc provides the following data for the year 2017 sales revenue 420 4291020

Question

Shelcal, Inc. provides the following data for the year 2017:

Sales Revenue

$420,000

Sales Returns and Allowances

1,400

Sales Discounts

850

Net Sales Revenue

417,750

Cost of Goods Sold

260,000

The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)

A.62.58%

B.61.90%

C.62.45%

D.62.24%

Sales Revenue

$420,000

Sales Returns and Allowances

1,400

Sales Discounts

850

Net Sales Revenue

417,750

Cost of Goods Sold

260,000

 

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