The gross profit ratio is equal to: (a) profit divided by net sales. (b) cost of sales

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The gross profit ratio is equal to:

(a) profit divided by net sales.

(b) cost of sales divided by net sales.

(c) net sales minus cost of sales, divided by net sales.

(d) net sales minus cost of sales, divided by cost of sales.

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Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

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Question Posted: May 09, 2024 08:51 AM

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The gross profit ratio is equal to: (a) profit divided by net sales. (b) cost of sales

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c net sale...View the full answer

Financial Accounting Reporting, Analysis And Decision Making

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