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The following information is taken from the accounts of Wilfred Hunter Shop for the month of November of the current year: Cost of goods
The following information is taken from the accounts of Wilfred Hunter Shop for the month of November of the current year: Cost of goods sold $120,000 Selling expenses 15,000 General and 25,000 administrative expenses Interest expense 2,000 Net sales revenue 200,000 Input Instruction: When entering amounts, use numbers only - no spaces, no dollar signs, no full stops, no dots, no decimal separators, no symbols, no special characters, e.g., enter $1,000 as 1000. Required: (1) Gross profit percentage in November is (2) Profit margin in November is %. %.
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