Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

company's gross sales were $710,000, net sales were $676,600, its cost of good sold was $236,800 and its net income was $33,750. Its gross margin

company's gross sales were $710,000, net sales were $676,600, its cost of good sold was $236,800 and its net income was $33,750. Its gross margin equals:

A. $33,400.

B. $473,200

C. $203,050

D. $439,800

E. $33,750

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Plant Auditing A Powerful Tool For Improving Metallurgical Plant Performance

Authors: Deepak Malhotra

1st Edition

0873354125, 978-0873354127

More Books

Students also viewed these Accounting questions