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The following data is from the income statement of Ralston Company: Revenue $ 3,200 Cost of goods sold (1,800 ) Operating expenses (900 ) Net
The following data is from the income statement of Ralston Company:
| Revenue | $ | 3,200 | ||
| Cost of goods sold | (1,800 | ) | ||
| Operating expenses | (900 | ) | ||
| Net income | $ | 500 | ||
|
| ||||
What is the company's gross margin percentage?
A. 15.625%
B. 43.750%
C. 56.250%
D. 35.710%
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Using QuickBooks Online For Accounting 2021
Authors: Glenn Owen
4th Edition
0357442164, 9780357442166
