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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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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