A company's gross profit was $86,750 and its net sales were $352,600. Calculate its gross margin ratio.
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was $145,300. Calculate the gross margin ratio.Accounting
- A company has net sales of $770,300 and cost of goods sold of $556,300. Its net income is $21,910. The company's gross margin and operating expenses, respectively, are:A company's net sales were $677,900, its cost of goods sold was $223,810, and its net income was $35,050. Its gross margin ratio equals: A. 302.9% B. 33% C. 67% D. 5.2% E. 10.7%General accounting