A company's net sales were $731,500, its cost of goods sold was $245,050 and its net...

Question

Question

business accounting

Answer 1

Answer #1

Answer
The correct option is A : 66.50 b%.
Explanation
Sales	$ 731,500
Less: Cost of Goods sold	$ 245,050
Gross margin	$ 486,450
Gross margin ratio = Gross margin / Sales * 100	66.50%
	486450/731500*100

Please like

Answer 2

Similar Homework Help Questions

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

9 A company's net sales were $727,700, its cost of goods sold was $244,510 and its net income was $62,450. Its gross margin ratio equals: 1:21:34 Multiple Choice 33.60% 25.54% 66.4% 8.6% 29760%. Prey 19 of 37 HE Nav
A company's net sales were $695,000, its cost of goods sold was $239,770 and its net...

A company's net sales were $695,000, its cost of goods sold was $239,770 and its net income was $43,600. Its gross margin ratio equals:
A company had net sales of $801,200 and cost of goods sold of $568,910. Its net...

A company had net sales of $801,200 and cost of goods sold of $568,910. Its net income was $28,390. The company's gross margin ratio equals: Multiple Choice

A company had net sales of $784,800 and cost of goods sold of $560,400. Its net income was $24,770. The company's gross...

A company had net sales of $784,800 and cost of goods sold of $560,400. Its net income was $24,770. The company's gross margin ratio equals:
Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and...

Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and its net income was $800,000. Its gross margin ratio equals: Multiple Choice 185% 33% O 469
A company had net sales of $788,500 and cost of goods sold of $562,260. Its net...

A company had net sales of $788,500 and cost of goods sold of $562,260. Its net income was $25,640. The company's gross margin ratio equals:

A company had net sales of $829,500 and cost of goods sold of $583,200. Its net...

A company had net sales of $829,500 and cost of goods sold of $583,200. Its net income was $34,690. The company's gross margin ratio equals:
Mega Skateboard Supplier had net sales of $2.8 million, its cost of goods sold was $1.8...

Mega Skateboard Supplier had net sales of $2.8 million, its cost of goods sold was $1.8 million, and its net income was $1.0 million. Its gross margin ratio equals: rev: 10_13_2017_QC_CS-105444 Multiple Choice 86%. 156%. 36%. 56%. 64%.
A company has net sales of $625,600 and cost of goods sold of $412,896. The company's...

A company has net sales of $625,600 and cost of goods sold of $412,896. The company's gross profit percentage is: Multiple Choice Ο 0.33%. Ο 2.94%. Ο 349%. Ο 66%.

A company's net sales are $775420 it's costs of goods sold are $413890, and its net...

A company's net sales are $775420 it's costs of goods sold are $413890, and its net income is $117220. its gross margin ratio equals a) 53.4% b) 31.5% c)28.3% c) 46.6%