A company's net sales were $749,600, its cost of goods sold was $247,370 and its net income was $74,750.
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- During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?A company has sales of $378,600 and its gross profit is $159,100. Its cost of goods sold equals:A 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.
- 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:Calculate it's gross profit? General accountingA 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%