Crumble Cookies earned net sales revenue of $67,000,000 in 2025. Cost of goods sold was $40,870,000, and
Question:
Crumble Cookies earned net sales revenue of $67,000,000 in 2025. Cost of goods sold was $40,870,000, and net income reached $8,000,000, the company’s highest ever. Compute the company’s gross profit percentage for 2025.
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To calculate the gross profit percentage we need to divide the gross profit by the net sales reven...View the full answer
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Related Book For 
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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