The following data is from the income statement of Ralston Company: Revenue$36,000 Cost of goods sold (14,400) Operating expenses (16,000) Net income$5,600 What is the company's gross margin percentage?
A. 66.67%
B. 60.00%
C. 15.60%
D. 25.93%
Answer: B
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Cranberry Corp constructed equipment to manufacture a new line of home products during 2016 . The average balance of accumulated expenditures on the equipment during September through December 2016 was $500,000 . Construction started on September 1, 2016 and was still in progress at the end of 2016 . If Cranberry borrowed $500,000 for one year on September 1, 2016, to finance the construction,
and the interest rate on the construction loan was 6%, how much interest can Cranberry capitalize as part of the equipment cost for 2016? a. $ -0- b. $10,000 c. $20,000 d. $30,000
Why is media geography a concern to marketers?
A) Marketers can determine whether products can be easily distributed in a specific area. B) Geography is the principal determinant of advertising rates. C) Media geography enables marketers to develop personalized vodcasts for connectorsin different regional areas. D) The FCC does not classify media by location. E) Media geography is an indicator of the audience served by a particular medium.
People with strong self-awareness are overly critical and unrealistically optimistic and are well suited to run organizations because they will make good judgment calls.
Answer the following statement true (T) or false (F)
________ leverage measures the effect of fixed ________ costs on the relationship between EBIT and EPS
A) Operating; operating B) Financial; financial C) Operating; financial D) Financial; operating