Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kyle Software earned net sales revenue of $66,000,000 in 2024. Cost of goods sold was $44,220,000, and net income reached $7,000,000, the company's highest ever.

Kyle Software earned net sales revenue of $66,000,000 in 2024. Cost of goods sold was $44,220,000, and net income reached $7,000,000, the company's highest ever. Compute the company's gross profit percentage for 2024.

First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage.

=

Gross profit %

=

%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Will You Be My Internal Audit Manager

Authors: Benito Gross

1st Edition

B09774C8CK, 979-8521636563

More Books

Students also viewed these Accounting questions

Question

Design a health and safety policy.

Answered: 1 week ago