Question: Question content area top Part 1 Danby , Inc. provides the following data from its income statement for 2 0 1 8 : Net Sales

Question content area top
Part 1
Danby, Inc. provides the following data from its income statement for2018:
Net Sales
$ 550 comma 000$550,000
Cost of Goods Sold
(170 comma 000170,000)
Gross Profit
$ 380 comma 000$380,000
Calculate the gross profit percentage.(Round your answer to two decimal places.)
Question content area bottom
Part 1
A.
100100%
B.
22.3522.35%
C.
30.9130.91%
D.
69.0969.09%

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!