A companys net sales are $675,000, its costs of goods sold are $459,000, and its net income
Question:
A company’s net sales are $675,000, its costs of goods sold are $459,000, and its net income is $74,250. Its gross margin ratio equals
a. 32%
b. 68%
c. 47%
d. 11%
e. 34%
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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