A company's net sales are $845,080, its costs of goods sold are $458,880, and its net income is $117,930. Its gross margin ratio equals:
A. 45.7%.
B. 31.74%.
C. 54.3%.
D. 25.7%.
E. 13.95%.
Answer: A
You might also like to view...
Which of the following generally is considered a limitation of the balance sheet?
a. The balance sheet reflects the current value of a business. b. The balance sheet reflects the instability of the dollar. c. Balance sheet formats and classifications do not vary to reflect industry differences. d. Due to measurement problems, some enterprise resources and obligations are not reported on the balance sheet.
The Sixth Amendment provides:
a. the accused shall have the right to assistance of counsel for his defense. b. the defendant has a right to a jury trial. c. the right to a speedy trial. d. the right to subpoena witnesses for trial. e. All of the above
The use of unfamiliar software would be an example of what type of project risk?
a. External b. Operational c. Cost d. Technology
Applied Business Corporation makes and markets its products nationwide. Under the stakeholder approach, to be considered socially responsible when making a business decision, Applied must take into account the needs of
A. its consumers, the community, and society only. B. its employees and owners only. C. its employees, owners, consumers, the community, and society. D. no one.