Saira, inc. has the following income statement (in millions): saira, inc. income statement for the year ended december 31, 2017 net sales $300 cost of goods sold 180 gross profit 120 operating expenses 45 net income $75 using vertical analysis, what percentage is assigned to cost of goods sold?

60%

Explanation:

Percentage assigned to cost of goods sold

= Cost of goods sold / Sales

= $180 / $300

= 0.60 or 60%

The percentage is assigned to Cost of Goods Sold is 60%

Explanation:

The percentage assigned to cost of good sold is the cost-to-sales ratio of a company which show how much direct cost to produce a product that $1 of sales is required.

For Saira, Inc.; the percentage assigned to cost of goods sold for the year ended 2017 is calculated as:

Percentage assigned to cost of goods sold in 2017 = Cost of good sold in 2017/Net Sales in 2017 = 180/300 = 0.6 = 60%.

So, the answer is 60%.

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