Bramble Corp. reported net sales of $242,000, cost of goods sold of $145,200, operating expenses of $47,000,
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Bramble Corp. reported net sales of $242,000, cost of goods sold of $145,200, operating expenses of $47,000, net income of $38,720, beginning total assets of $518,600, and ending total assets of $569,200. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.)
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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