The following information pertains to Cobb Corporations financial results for the past year. Net sales .......... $100,000
Question:
Net sales .......... $100,000
CGS ........... 35,000
Other expenses ...... 12,000
Net income ......... 53,000
Required:
1. Calculate Cobb’s gross profit ratio.
2. Calculate Cobb’s net profit margin ratio.
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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