Rudy Company reports gross sales revenue of $ 5 . 2 million, net sales revenue of $

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Question:

Rudy Company reports gross sales revenue of $

5.2

million, net sales revenue of $

5

million, and cost of goods sold of $

3

million. Rounding to the nearest percent, what would be the company's gross profit ratio?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Posted Date: Apr 29, 2024 01:41 AM

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Rudy Company reports gross sales revenue of $ 5 . 2 million, net sales revenue of $

Question:

Expert Answer:

To calculate the gross profit ratio we need to use the fo... View the full answer

Fundamentals of Corporate Finance

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