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A company has the following information. What is gross profit margin? Total sales $1,560,000 Cost of goods sold 950,000 Operating profit 237,500 Average total assets
A company has the following information. What is gross profit margin?
Total sales | $1,560,000 |
Cost of goods sold | 950,000 |
Operating profit | 237,500 |
Average total assets | 1,110,000 |
Average total equity | 685,000 |
Net income | 95,500
15.22% 13.94% 39.10% 8.60% |
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