The gross profit rate is equal to: a. net income divided by sales. b. cost of goods
Question:
The gross profit rate is equal to:
a. net income divided by sales.
b. cost of goods sold divided by sales.
c. net sales minus cost of goods sold, divided by net sales.
d. sales minus cost of goods sold, divided by cost of goods sold.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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