Question
Mercer, Inc. provides the following data for 2019: Net Sales Revenue 600,000 Cost of Goods Sold 360,000 The gross profit as a percentage of net
Mercer, Inc. provides the following data for 2019:
| Net Sales Revenue | 600,000 |
| Cost of Goods Sold | 360,000 |
The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)
A.
38.22%
B.
41.17%
C.
40%
D.
60%
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
