Question
Given below are account balances for Charlie Company: Gross sales, $102,000 Sales returns and allowances, $4,000 Selling expenses, $12,000 Cost of goods sold, $54,000 Interest
Given below are account balances for Charlie Company:
Gross sales, $102,000
Sales returns and allowances, $4,000
Selling expenses, $12,000
Cost of goods sold, $54,000
Interest expense, $3,000
How much is the gross profit margin?
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
