A company shows the following balances: Cost of goods sold $217,000 Income tax expense 33,600 Operating expenses
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Question:
A company shows the following balances:
Cost of goods sold | $217,000 |
Income tax expense | 33,600 |
Operating expenses | 172,000 |
Sales | 550,000 |
Sales discounts | 12,000 |
Sales returns and allowances | 37,000 |
What is the gross profit margin?
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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