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Clark Footwear prides itself as being one of the world's leading marketers of branded footwear and apparel. The following data ( in millions ) were
Clark Footwear prides itself as being one of the world's leading marketers of branded footwear and apparel. The following data in millions were reported for the second quarter of :
Net Sales$ Income Tax ExpenseDividendsSalaries and Wages ExpenseCost of Goods SoldInterest Expense
Required:
a How much was the gross profit?
Note: Enter your answer in millions.
b What was the gross profit percentage?
Note: Round your percentage to decimal place.
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