3. a. Kevin Bacon and Pork Company had sales of $240,000 and cost of goods sold of...

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3.

a. Kevin Bacon and Pork Company had sales of $240,000 and cost of goods sold of $108,000. What is the gross profit margin (ratio of gross profit to sales)?

b. If the average firm in the pork industry had a gross profit of 60 percent, how is the firm doing?

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Foundations Of Financial Management

ISBN: 9780073382388

13th Edition

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

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