Moon, Inc., had the following income statement figures. Sales .......................... $560,000 Cost of sales ............... (340,000) Gross

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Moon, Inc., had the following income statement figures.
Sales .......................... $560,000
Cost of sales ............... (340,000)
Gross margin ............... $220,000
Operating expenses .......... (160,000)
Net income ................ 60,000
Calculate component percentages for this information.
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-1259692406

18th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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