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In 2019, Cumquat Co. incurred cost of goods sold of $74,763 million on gross sales revenue of $87,592 million, Sales returns and allowances were $10,473
In 2019, Cumquat Co. incurred cost of goods sold of $74,763 million on gross sales revenue of $87,592 million, Sales returns and allowances were $10,473 million What was Cumquat's profit margin for 2019? (Assume no other expenses.) Select one: A.6.1% 8.3.1% C. 6.5% D. 7.2%
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