a. Swank Clothiers had sales of $375,000 and cost of goods sold of $246,000. What is the
Question:
a. Swank Clothiers had sales of $375,000 and cost of goods sold of $246,000. What is the gross profit margin (ratio of gross profit to sales)?
b. If the average firm in the clothing industry had a gross profit of 30percent, how is the firm doing?
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a b With a gross profit of 34 percent the firm ...View the full answer
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Related Book For 
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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