Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Calculate it's gross margin ratio?

A company's net sales were $928,350, its
cost of goods sold was $487,520, and its net
income was $160,390. Calculate its gross
margin ratio.
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Transcribed Image Text:A company's net sales were $928,350, its cost of goods sold was $487,520, and its net income was $160,390. Calculate its gross margin ratio.
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Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning