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Required information [The following information applies to the questions displayed below.] Lal Industries, prides itself as being the world's leading marketer of U.S. branded non-athletic
Required information [The following information applies to the questions displayed below.] Lal Industries, prides itself as being the "world's leading marketer of U.S. branded non-athletic footwear." The following data (in millions) were reported for the second quarter of 2019: Net Sales Income Tax Expense Dividends Salaries and Wages Expense Cost of Goods Sold Interest Expense 2-a. How much was the gross profit? (Enter your answer in millions.) 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) 2-a. Gross Profit 2-b. Gross Profit Percentage $ 2,144 53 29 673 1,343 32 million %
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