Question
Buffalo Industries reported the following items for the current year: Sales = $3173620; Cost of Goods Sold = $1444946; Depreciation Expense = $163767; Administrative Expenses
Buffalo Industries reported the following items for the current year: Sales = $3173620; Cost of Goods Sold = $1444946; Depreciation Expense = $163767; Administrative Expenses = $159544; Interest Expense = $26972; Marketing Expenses = $82612; and Taxes = $309516. Rogue's gross profit margin is equal to ____.
Instruction: Type your answer in the unit of decimal, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011, neither 0.0106465, 0.0106, nor 1.065. Otherwise, Blackboard will treat it as a wrong answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started