The following data is from the income statement of Ralston Company: $ 2,500 (1,350) (650) Revenue Cost of goods sold Operating expenses Net income $4 500 What is the company's gross margin percentage? (Round your answers to three decimal places.):

The following data is from the income statement of Ralston Company: $ 2,500 (1,350) (650) Revenue Cost of goods sold Operating expenses Net income $4 500 What is the company's gross margin percentage? (Round your answers to three decimal places.):

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Answer only.

The following data is from the income statement of Ralston Company:
12
$ 2,500
(1,350)
(650)
Revenue
Cost of goods sold
Operating expenses
Net income
$4
500
What is the company's gross margin percentage? (Round your answers to three decimal places.):
Multiple Choice
20000

Multiple Choice
20.000%
46.000%
54.000%
43.480%

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