Use the following information to answer the question below: Brazel Corp. has the following information available for the year just ended: Description Amount Net Sales $5,000,000 Cost of Goods Sold 3,000,000 Operating Expenses 800,000 Net Income $1,200,000 

QUESTION: What is Brazel's gross profit ratio expressed as a percentage of sales?

Answer rating: 100% (QA)

To calculate Brazel Corps gross profit ratio as a percentage of sales we first need to determine t... View the full answer