Kingsbury Manufacturing has net sales revenue of $930,000, cost of goods sold of $346,200, and all other expenses of $329,100. The gross profit percentage is closest to:
A. 27%
B. 73%
C. 63%
D. 74%
Answer: C
You might also like to view...
Which of the following is an industry in China where violations of intellectual property rights are still prevalent?
A. electronics industry B. food retailing industry C. book publishing industry D. furniture making industry
If an action is ethical from an outcome-based perspective, then it cannot be ethical from a duty-based perspective.
Answer the following statement true (T) or false (F)
Which of the following statements describes ethics?
A. Ethics are the moral principles or values that generally govern the conduct of an individual. B. Ethics is the standard of behavior by which conduct is judged. C. Morals are a foundation for ethical behavior. D. Ethical values are situation specific and time oriented. E. All of the statements describe ethics.
The goal of the cash conversion period is convert paid-for inventory and accounts receivables into cash as quickly as possible.
Answer the following statement true (T) or false (F)