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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Sales for Strength Corp are $725,000, cost of
goods sold are $543,000, and interest
expenses are $23,000. What is the gross profit
margin? The gross profit margin is
A. 25.1%
B. 24.3%
C. 25.8%
D. 21.9%
E. 23.2%
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Transcribed Image Text:Sales for Strength Corp are $725,000, cost of goods sold are $543,000, and interest expenses are $23,000. What is the gross profit margin? The gross profit margin is A. 25.1% B. 24.3% C. 25.8% D. 21.9% E. 23.2%
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Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning