Question
Exercise 3-25 (Part Level Submission) The following is Cullumber Company's income statement for the past year. Sales revenue$730,000Cost of goods sold438,000Gross margin292,000Operating expenses120,000Operating income$172,000 What
Exercise 3-25 (Part Level Submission)
The following is Cullumber Company's income statement for the past year.
Sales revenue$730,000Cost of goods sold438,000Gross margin292,000Operating expenses120,000Operating income$172,000
What is the markup percentage on cost of goods sold? (Round answer to 0 decimal places, e.g. 45%.)
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Managerial Accounting For Managers
Authors: Eric Noreen
1st Edition
73526975, 978-0073526973
