Question
15) The gross margin percentage is equal to: a) (Net operating income + Selling and administrative expenses)/Sales b) Net operating income/Sales c) Cost of goods
15) The gross margin percentage is equal to:
| a) (Net operating income + Selling and administrative expenses)/Sales | ||
| b) Net operating income/Sales | ||
| c) Cost of goods sold/Sales | ||
| d) Cost of goods sold/Net income |
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
0073018376, 978-0073018379
