Question
If a companys sales for 2019 was $20,000, $2,000 cost of goods sold (COGS), $3,000 operating expenses, and $2,000 tax, calculate: a. Gross profit margin
If a companys sales for 2019 was $20,000, $2,000 cost of goods sold (COGS), $3,000 operating expenses, and $2,000 tax, calculate:
a. Gross profit margin
b. Operating profit margin
c. Net profit margin
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
978-0133866292
