Ratio Analysis} Dobby's statement of earnings lists net sales of ($ 179,000) and a gross margin of

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Ratio Analysis}

Dobby's statement of earnings lists net sales of $\$ 179,000$ and a gross margin of $\$ 111,000$. All other expenses not included in the gross margin totalled $\$ 46,500$.

\section*{Required:}

1. Calculate Dobby's gross profit ratio.

2. Calculate Dobby's net profit margin ratio.

\section*{Brief Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 07, 2024 01:20 AM

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Ratio Analysis} Dobby's statement of earnings lists net sales of ($ 179,000) and a gross margin of

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Cornerstones Of Financial Accounting

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