Question
The following data relate to Company B. Other operating expenses 100 Cost of goods sold 650 Interest expense 50 Sales 1,000 Income tax expense 150
The following data relate to Company B.
Other operating expenses 100
Cost of goods sold 650
Interest expense 50
Sales 1,000
Income tax expense 150
Given these data, compute Company Bs GROSS PROFIT PERCENTAGE (gross profit divided by sales).
| 65% 35% 75% 25% 5% 95% |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
