Question
Peartree Inc. provides the following extracts from income statement for the year 2015 Net sales $500,000 Cost of Goods Sold (150,000) Gross profit $350,000 Calculate
Peartree Inc. provides the following extracts from income statement for the year 2015
| Net sales | $500,000 |
| Cost of Goods Sold | (150,000) |
| Gross profit | $350,000 |
Calculate the gross profit percentage. Show your work.
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
