Question
Coleman, Inc. provides the following data from its income statement for 2017: Net Sales $500,000 Cost of Goods Sold (200,000) Gross Profit $300,000 Calculate the
Coleman, Inc. provides the following data from its income statement for 2017:
| Net Sales | $500,000 |
| Cost of Goods Sold | (200,000) |
| Gross Profit | $300,000 |
Calculate the gross profit percentage. (Round your answer to two decimal places.)
A.40.00%
B.100.00%
C.60.00%
D.150.00%
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Environmental Auditing Fundamentals And Techniques
Authors: J. Ladd Greeno
2nd Edition
091509410X, 978-0915094103
