A company reports the following financial information: Sales revenue $250,000 Operating expenses $45,000 Cost of goods sold $165,000 The profit margin ratio would be: (a) 0.16 (b) 0.34 (c) 0.66 (d) 0.84

The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)

The following is select account information for August Sundries. Sales: $850,360; Sales Returns and Allowances: $148,550; COGS: $300,840; Operating Expenses: $45,770; Sales Discounts: $231,820. If August Sundries uses a multi-step income statement format, what is their gross margin?

Financial Accounting