A company's net sales are $817,990, its costs of goods sold are $449,895, and its profit is $112,475. Its gross profit margin ratio equals: Multiple Choice 45.0%. 55.0%. 13.75%. 31.25% 25.0%.
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A company's net sales are $817,990, its costs of goods sold are $449,895, and its profit is $112,475. Its gross profit margin ratio equals:
Multiple Choice
45.0%.
55.0%.
13.75%.
31.25%
25.0%.
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- If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000, the gross profit rate is 77%. 61%. 39%. 23%.A company's net sales were $724,200, its cost of goods sold was $244,050 and its net income was $60,000. Its gross margin ratio equals: Multiple Choice 8.3%. ○ о 24.6%. 33.7%. 66.3%. 296.7%.A company’s net sales are $675,000, its cost of goods sold is $459,000, and its net income is $74,250. Its gross margin ratio equals a. 32%. c. 47%. e. 34%. b. 68%. d. 11%.
- If Swifty Corporation has net sales of $515000 and cost of goods sold of $365000, Swifty gross profit rate is 71%. 41%. 100%. 29%.A company's net sales were S676,600, its cost of goods sold was $236,810 and its net income was $33,750, Its gross margin ratio equals Multiple Choice 2857% 35% 5% 65% 96%CP Jenney Stores generates $13,765,230 in sales, $8,735,429 in net profit, and 25% in gross margin. What percentage of sales is cost of goods sold? Hint: vertical analysis.
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- Richard's Sporting Goods reports net income of $160,000, net sales of $570,000, and average assets of $1,500,000. The profit margin is: Multiple Choice 11.7%. 39.0%. 28.1%. 4.6 times.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.) Gross Profit Margin (%) 38.43 % Company Net Sales an optometry store $340,735 Cost of Goods Sold $209,655 $ Gross Profit Operating Expenses $83,921 Net Profit $ 47,159 ✓ Net Profit Margin (%) %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 ofGoods Sold GrossProfit OperatingExpenses Net Profit Gross ProfitMargin (%) Net ProfitMargin (%) an optometry store $327,735 $201,655 $ $83,921 $ % %