Question
A company shows a following balances:Sales 41,000,000, Sales returns and allowances $ 250,000, cost of goods sold $ 60,00, Operating expenses $75,000.What is the gross
A company shows a following balances:Sales 41,000,000, Sales returns and allowances $ 250,000, cost of goods sold $ 60,00, Operating expenses $75,000.What is the gross profit margin?
a. 60%
b.80%
c.40%
d.20%
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
