In a common size income statement for 2014,cost of goods sold is expressed as:

A) 92.0%
B) 60.0%
C) 119%
D) 167%

Common Size Income Statement

An income statement in which each line item is expressed as a percentage of sales, facilitating comparison across companies or periods regardless of size.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Sales

The total amount of goods or services sold by a company in a particular period of time.