A retail store reported gross profit of $127,500 and net sales of $425,000. Calculate the store's gross margin ratio.

The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; Cost of Goods Sold: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? Round to the nearest percentage with one decimal place and include "%" (for example, 12.3%).

During the current year, merchandise is sold for $775,000. The cost of the merchandise sold is $426,250. a. What is the amount of the gross profile? b. Compute the gross profile percentage (gross profile divided by sales). c. Will the income statement necessarily report a net income? Explain.

What is the net sales amount?

Sarasota Company has the following account balances: Sales Revenue $242,100, Sales Discounts $3,310, Cost of Goods Sold $117,100, and Inventory $42,900.

Determining gross profit During the current year, merchandise is sold for $8,780,000. The cost of the goods sold is $5,531,400. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. What is the amount of the gross profit? Round your answer to the nearest dollar. b. Compute the gross profit percentage (gross profit divided by sales). Round your answer to the nearest whole number. C. Will the income statement always report a operating incomne? Yes No Previous earch 542 PM 5/3/2021

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A company reported the following balances in some selected accounts: Purchases $ 18,000, Cost of Goods Sold $15,600, Sales $35,000, Sales discounts $1,500.   The Gross Profit for the period is:   Group of answer choices $17,900 $16,500 $20,900 $15,500