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In 2019, Intersection Company incurred cost of goods sold of $58,215 million on gross sales revenue of $87,592 million. Sales returns and allowances were $7,473
In 2019, Intersection Company incurred cost of goods sold of $58,215 million on gross sales revenue of $87,592 million. Sales returns and allowances were $7,473 million and sales discounts were $1,752 million. What is Intersection's gross profit percentage for 2019?
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Heres how to calculate Intersections gross profit percentage for 2019 1 Calculate net sales ...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
