Question
Profitability Analysis Alex Enterprises reports the following information on its year-end income statement: Net Sales$340,000Operating Expenses$70,000Cost of Goods Sold180,000Other Income20,000 Required CalculateAlex's gross profit percentage
Profitability Analysis
Alex Enterprises reports the following information on its year-end income statement:
Net Sales$340,000Operating Expenses$70,000Cost of Goods Sold180,000Other Income20,000
Required
CalculateAlex's gross profit percentage and return on sales ratio.
(Round answer to one decimal place.)
Gross profit percentage =Answer
%Return on sales ratio =Answer
%
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Ethical Obligations And Decision Making
Authors: Steven Mintz
1st Edition
0078025281, 9780078025280
