A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company's gross margin ratio equals:
A. 24.5%
B. 34.7%
C. 18.9%
D. 27.8%
E. 35.2%
Answer: D
Business
You might also like to view...
The financial reporting officer is responsible for reporting GAAP financial statements
Indicate whether the statement is true or false
Business
Which organization was used in the textbook to illustrate the Teams level of the organizational behavior model?
a. Google b. Enron c. Ed Schmidt Auto d. Manchester United
Business
One way to evaluate a company's green actions is to use the ________ list of the most sustainable corporations in the world.
A. Global 100 B. Global 90 C. Global 80 D. Global 70
Business
Most major health care policies cover hospital, surgical, and physician coverages
Indicate whether this statement is true or false.
Business