Question

1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Answer 1

The percentage for the cost of sales is 65.21% in 2015. The percentage for the cost of sales is 65.41% in 2014.

It should be noted that the percentage for the cost of sales in 2015 was calculated as:

= Cost of sales / Net sales

= 36665/56223 = 65.21%

The percentage for the cost of sales in 2014 was calculated as:

= Cost of sales / Net sales

= 34941/53417 = 65.41%

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