Question
Assess the gross profit margin of three companies based on their financial data: Company Revenue (in millions) Cost of Goods Sold (in millions) Gross Profit
Assess the gross profit margin of three companies based on their financial data:
Company | Revenue (in millions) | Cost of Goods Sold (in millions) | Gross Profit (in millions) |
Coca-Cola | $10,000 | $4,000 | ? |
Ford Motor | $50,000 | $38,000 | ? |
Pfizer | $30,000 | $10,000 | ? |
Requirements:
- Calculate the gross profit for each company.
- Calculate the gross profit margin (as a percentage) for each company.
- Discuss the profitability of each company's operations based on the gross profit margin.
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Financial Accounting
Authors: Walter T. Harrison, Charles T. Horngren
7th edition
0135012848, 978-0135012840
