Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Question

Falcon enterprise reported the following financial data

Falcon Enterprises reported the following financial data: .Net Sales = $1,050,600 . Cost of Goods Sold (COGS) = $573,200 .Net Income = $195,400 (Not needed for this calculation) Calculate Falcon Enterprises' Gross Margin Ratio.
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Transcribed Image Text:Falcon Enterprises reported the following financial data: .Net Sales = $1,050,600 . Cost of Goods Sold (COGS) = $573,200 .Net Income = $195,400 (Not needed for this calculation) Calculate Falcon Enterprises' Gross Margin Ratio.
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