Question
Determine the gross profit percentage for the year ended December 31 Selling Expenses $8,500 Interest Revenue 2,000 Net Sales Revenue 150,500 Cost of Goods Sold
Determine the gross profit percentage for the year ended December 31
Selling Expenses $8,500 Interest Revenue 2,000 Net Sales Revenue 150,500 Cost of Goods Sold 80,000 Administrative Expenses 10,000
I know its gross profit / net sales rev = gross profit percent. I just need help visualizing it with the numbers. what makes the gross profit?
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Financial And Managerial Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliver
1st Edition
0558241050, 978-0558241056
