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The gross profit percentage is one of the most closely watched profitability measures. It can be calculated by: dividing gross pro it by net sales
The gross profit percentage is one of the most closely watched profitability measures. It can be calculated by: dividing gross pro it by net sales revenue dividing gross profit by net accounts receivable dividing cost of goods sold by average inventory dividing cost of goods sold by net sales revenue
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
