Question
Dec 1, 2014 Dec.1, 2015 Dec.1, 2016 Sales $2,550,000 $3,000,000 $5,000,000 COGS $1,150,000 $2,450,000 $2,675,000 Inventory $750,000 $710,000 $550,000 1. What is the Gross Profit
|
| Dec 1, 2014 | Dec.1, 2015 | Dec.1, 2016 |
| Sales | $2,550,000 | $3,000,000 | $5,000,000 |
| COGS | $1,150,000 | $2,450,000 | $2,675,000 |
| Inventory | $750,000 | $710,000 | $550,000 |
1. What is the Gross Profit for 2015?
2. Calculate Gross Profit Ratio for 2015:
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Auditing The Risk Management Process
Authors: K. H. Spencer Pickett
1st Edition
0471690538, 978-0471690535
