FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Peartree Inc. provides the following extracts from income
statement for the year 2015
Net sales $500,000
Cost of Goods Sold (150,000)
Gross profit $350,000
Calculate the gross profit percentage.
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Transcribed Image Text:Peartree Inc. provides the following extracts from income statement for the year 2015 Net sales $500,000 Cost of Goods Sold (150,000) Gross profit $350,000 Calculate the gross profit percentage.
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