Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. What is the gross

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Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. What is the gross profit margin (ratio of gross profit to sales)? If the average firm in the clothing industry had a gross profit of 25 percent, how is the firm doing?

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Foundations Of Financial Management

ISBN: 9781260013917

17th Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: May 26, 2022 08:28 AM

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Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. What is the gross

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a sales 38300000 Less COGS 26000000 Gross Margin 12300000 Gross Profit ...View the full answer

Foundations Of Financial Management

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