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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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
