How is a companys gross profit determined? What does the gross profit ratio tell you about a

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How is a company’s gross profit determined? What does the gross profit ratio tell you about a company’s performance during the year?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:57 AM

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How is a companys gross profit determined? What does the gross profit ratio tell you about a

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Gross profit is computed by deducting cost of goods sold from net sales The gross profit ra...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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