Question

5) A company reported the following information for the month of July: Net Sales $57,500 Cost...

5) A company reported the following information for the month of July:

Net Sales

$57,500

Cost of goods sold

33,200

Required: Calculate this company's gross margin ratio.

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Answer #1
A Net Sales 57500
B Cost of Goods Sold 33200
A-B Gross Profit 24300
Gross Profit % 42.3%
(Gross Profit/Net Sales)
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