Grant Rockets is a company that provides business to business services and generate over $3 billion in annual revenue. The following question pertains to their financial statements from fiscal years 2012 and 2013.

 
They report revenues and COGS from its services and products divisions in breakout line items on the income statement. Assuming the gross margin, the ratio of profits to revenue, is roughly equal across all of their products, how much did it cost for Grant Rockets to produce a product sold at a price of $2,000 in fiscal 2013?

Answer rating: 100% (QA)

To determine how much it cost Grant Rockets to produce a product sold at a price of 2000 in fiscal 2... View the full answer