Charleston, Inc. had the following information:     Year 2 Year 1 Net Sales 210,000 194,800 Cost of goods sold 128,000 140,600 Operating Expenses 34,400 23,000 Net Income 47,600 31,200     Using vertical analysis for Year 1, what is the percentage of cost of goods sold and operating expenses, respectively? Group of answer choices 11.8% and 27.8% 72.2% and 16.0% 16.0% and 11.8% 61.0% and 22.7% 61.0% and 16.4% 16.4% and 39.0% 72.2% and 11.8%

Income statement information for Einsworth Corporation follows: Sales $586,000 Cost of goods sold 181, 660 Gross profit 404, 340 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. blank Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $586, 000 fill in the blank 1 % Cost of goods sold 181, 660 fill in the blank 2 Gross profit $404, 340 fill in the blank 3 %

What is the percent change for cost of goods sold?

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