9 A company's net sales were $727,700, its cost of goods sold was $244,510 and its...

Question

Question

business accounting

Answer 1

Answer #1

Particulars	Amount (in $ )
Net Sales	$ 727,700
Less: Cost of Goods Sold	($ 244,510 )
Gross Margin	$ 483,190

Gross Margin ratio = Gross Margin / Net Sales = $ 483,190 / $ 727,700	66.4%

Option (C ) is Correct

Answer 2

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