Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.) Company Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Profit Gross Profit Margin (%) Net Profit Margin (%) an optometry store $339,735 $204,655 $ $89,921 $ % %
Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.) Company Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Profit Gross Profit Margin (%) Net Profit Margin (%) an optometry store $339,735 $204,655 $ $89,921 $ % %
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 87PSB
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Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.)
Company | Net Sales | Cost of Goods Sold |
Gross Profit |
Operating Expenses |
Net Profit | Gross Profit Margin (%) |
Net Profit Margin (%) |
---|---|---|---|---|---|---|---|
an optometry store | $339,735 | $204,655 | $ | $89,921 | $ | % | % |
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