Net sales for the period was $49,000 and cost of sales was $28,000. Compute gross profit percentage

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Net sales for the period was $49,000 and cost of sales was $28,000. Compute gross profit percentage for the current year. What does this ratio measure?

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Financial Accounting

ISBN: 978-0073526881

6th Edition

Authors: Libby, Short

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Question Posted: Jul 26, 2012 02:55 AM

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Net sales for the period was $49,000 and cost of sales was $28,000. Compute gross profit percentage

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The gross profit percentage is 429 This ratio measures the excess of s...View the full answer

Financial Accounting

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