Question
Dresden Inc. has net sales of $1,200,000, cost of goods sold of $900,000, operating expenses of $200,000, interest expense of $30,000, and income tax expense
Dresden Inc. has net sales of $1,200,000, cost of goods sold of $900,000, operating expenses of $200,000, interest expense of $30,000, and income tax expense of $10,000. The company's gross margin ratio is (round to the nearest tenth of a percent):
A. 8.3%
B. 5.0%
C. 10%
D. 25%
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
