Brad Gravel Pitt Company has sales of $370,000 and cost of goods sold of $159,000. a....
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Brad Gravel Pitt Company has sales of $370,000 and cost of goods sold of $159,000. a. What is the gross profit margin? Gross profit margin b. If the average firm in the gravel industry has a gross profit margin of 50 percent, how is this firm doing? Brad Gravel Pitt Company is (Click to select) the industry average of 50%. Brad Gravel Pitt Company has sales of $370,000 and cost of goods sold of $159,000. a. What is the gross profit margin? Gross profit margin b. If the average firm in the gravel industry has a gross profit margin of 50 percent, how is this firm doing? Brad Gravel Pitt Company is (Click to select) the industry average of 50%.
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A Gross Profit Margin Gross Profit Sales 100 Gross Profit Sales ... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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