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What is gross profit or gross margin on sales? How is the gross profit ratio computed? In your explanation, assume that net sales revenue was $100,000 and cost of goods sold was $60,000.

What is gross profit or gross margin on sales? How is the gross profit ratio computed? In your explanation, assume that net sales revenue was $100,000 and cost of goods sold was $60,000.

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Related Book For  answer-question
Financial Accounting

Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Details
Chapter # 6
Section: Questions
Problem: 2
Posted Date: December 12, 2011 07:48:17
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