(Answered) Question - the following information is taken from the

Accounting

Question - The following information is taken from the financial statements of a company for the current year:

Current assets $406,000

Total assets 901,000

Cost of good sold 661,000

Gross Profit 211,000

Net income 131,000

On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?

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