Question: A company's net sales are $ 7 8 7 , 0 3 0 , its costs of goods sold are $ 4 3 9 ,

A company's net sales are $787,030, its costs of goods sold are $439,160, and its profit is $106,280. Its gross profit margin ratio equals:eBookPrintReferencesMultiple Choice55.8%.13.50%Gg44.2%.30.70%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!