GS Retail reported the following for the past two fiscal years 2021 2020 2021 2020 net sale 988000 788000 cost of good sold 626392 492500 profit 69160 63040 Calculate the gross profit margin and profit margin for both years ...

Answen 2021 2020 a Net sales 988000 788000 b Cost of goods sal d C buoss profit ab d ...

GS Retail reported the following for the past two fiscal years:2021 2020 2021 2020 net sale 988000

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GS Retail reported the following for the past two fiscal years:2021 2020

	2021	2020
net sale	988000	788000
cost of good sold	626392	492500
profit	69160	63040

Calculate the gross profit margin and profit margin for both years.

Related Book For answer-question

Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

Posted Date: Mar 04, 2022 09:02 AM

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GS Retail reported the following for the past two fiscal years:2021 2020 2021 2020 net sale 988000

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Accounting Principles

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