Question
The formula for Gross Profit Margin ratio is: Net sales - COGS / Net Sales. [This is the same thing as saying Gross Profit /
The formula for Gross Profit Margin ratio is: "Net sales - COGS / Net Sales." [This is the same thing as saying "Gross Profit / Net Sales."] On which financial statement(s) will you find the amounts used to compute the Gross Profit Margin ratio?
-Income statement
-Balance sheet and Retained earnings
-Income statement and Balance sheet
-Balance sheet
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Complete Handbook Of Operational And Management Auditing
Authors: William T. Thornhill
1st Edition
0131611410, 978-0131611412
