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I do not understand how to find the dollar amounts for these questions with the numbers given: Compute the $ based on these percentages Net
I do not understand how to find the dollar amounts for these questions with the numbers given: Compute the $ based on these percentages
Net Sales $46,710 Gross Profit: $21,479 Net Income: $6,046 Total Selling and Administrative Expense: $14, 804
a)Cost of Goods 54.0% b)Gross Margin Percentage 46.0% c)SG&A Expense Percentage 31.7% d)Operating Profit Margin Percentage 14.2% e) Net Profit Margin (After Taxes) 12.9%
If you could provide the formulas used it would be a big help
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