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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.
| a.69% | ||
| b.75% | ||
| c.55% | ||
| d.70% |
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
