How is gross profit calculated? What is the gross profit ratio? What is it designed to measure?

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 13, 2016 03:46 AM

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How is gross profit calculated? What is the gross profit ratio? What is it designed to measure?

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Gross profit equals net sales minus cost of goods sold The gross ...View the full answer

Financial Accounting

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