Business, 19.12.2019 01:31 Thejollyhellhound20

The following is the selected information about the little dipper company for the current year and prior year.
account
current prior net sales revenue $651,000 $595,000
cost of goods sold $417,720 $425,000
gross profit $233,280 $170,000
selling/general expenses $149,040 $93,500
net income before tax $84,240 $76,500
income tax $25,920 $22,800
net income $58,320 $53,700
what is the current year's cost of goods sold percentage (as would be found on a vertical analysis of the income statement for the current year)?

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