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A company has net sales of $400,000 and a cost of goods sold of $250,000. What is the company's gross profit margin? . . A. 37.5% B. 40% C. 60% D. 62.5%

A company has net sales of $400,000 and a cost of goods sold of $250,000. What is the company's gross profit margin? . . A. 37.5% B. 40% C. 60% D. 62.5%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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A company has net sales of $400,000 and a cost of goods sold of $250,000. What is the company's gross profit margin? . . A. 37.5% B. 40% C. 60% D. 62.5%
Transcribed Image Text:A company has net sales of $400,000 and a cost of goods sold of $250,000. What is the company's gross profit margin? . . A. 37.5% B. 40% C. 60% D. 62.5%
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