Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN: 9781337395250
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Transcribed Image Text:Use the following data:
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2013
Sales
$3,500,000
$4,000,000
$4,400,000
COGS
$2,100,000
$2,400,000
$2,685,000
Inventory $650,000
$700,000
$600,000
Calculate the Gross Profit Ratio for 2012?
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