A companys net sales are $675,000, its cost of goods sold is $459,000, and its net income

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A company’s net sales are $675,000, its cost of goods sold is $459,000, and its net income is $74,250. Its gross margin ratio equals

a. 32%.

b. 68%.

c. 47%.

d. 11%.

e. 34%.

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Related Book For answer-question

Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 15, 2024 02:00 AM

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A companys net sales are $675,000, its cost of goods sold is $459,000, and its net income

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Financial And Managerial Accounting

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