Question
Facebook, Inc. sold inventory costing $500,000 for $800,000 cash. Calculate the gross profit margin percentage for this sale. If Facebook, Inc.'s total sales revenue for
ยท Facebook, Inc. sold inventory costing $500,000 for $800,000 cash. Calculate the gross profit margin percentage for this sale. If Facebook, Inc.'s total sales revenue for the year was $5,000,000 and its cost of goods sold was $3,000,000, calculate the net income margin percentage for the year.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
