Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. What is the gross
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Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. What is the gross profit margin (ratio of gross profit to sales)? If the average firm in the clothing industry had a gross profit of 25 percent, how is the firm doing?
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a sales 38300000 Less COGS 26000000 Gross Margin 12300000 Gross Profit ...View the full answer
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Related Book For
Foundations Of Financial Management
ISBN: 9781260013917
17th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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