Question
Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net Sales $160,000 Operating Expenses $30,000 Cost of Goods Sold 100,000 Other
Profitability Analysis
Shannon Enterprises reports the following information on its year-end income statement:
| Net Sales | $160,000 | Operating Expenses | $30,000 |
| Cost of Goods Sold | 100,000 | Other Income | 10,000 |
Required
Calculate Shannons 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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Aubrey Wilsons Marketing Audit Check Lists A Guide To Effective Marketing Resource Realization
Authors: Aubrey Wilson
1st Edition
0070845743, 978-0070845749
