Question
Sandhill Co. has net sales of $132,000, cost of goods sold of $60,000, and operating expenses of $22,000. What is its gross profit and its
Sandhill Co. has net sales of $132,000, cost of goods sold of $60,000, and operating expenses of $22,000. What is its gross profit and its gross profit rate?(Round gross profit rate to 1 decimal place, e.g. 52.5%.)
Gross profit $__________
Gross profit rate _________%
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Business Logistics Supply Chain Management
Authors: Ronald H. Ballou
5th edition
130661848, 978-0131076594, 0131076590, 978-0130661845
