Question
ACE Manufacturing has net sales of $90,000, cost of goods sold of $65,000, and operating expenses of $15,000. Calculate the gross profit margin.
ACE Manufacturing has net sales of $90,000, cost of goods sold of $65,000, and operating expenses of $15,000.
Calculate the gross profit margin.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
