ABC Company had Net Sales Revenue of $90,000, Cost of Goods Sold totaled $40,000, and Operating Expenses of $22,000. What was ABC's Gross Profit percentage for this period? Type your answer in percentage form (leaving off the % sign) and round to two decimal places, including zeros if needed.

ABC Company had Net Sales Revenue of $90,000, Cost of Goods Sold totaled $40,000, and Operating Expenses of $22,000. What was ABC's Gross Profit percentage for this period? Type your answer in percentage form (leaving off the % sign) and round to two decimal places, including zeros if needed.

Name: Question 2ABC Company had Net Sales Revenue of $90,000, Cost of Goods
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Description: Question 2ABC Company had Net Sales Revenue of $90,000, Cost of Goods Sold totaled$40,000, and Operating Expenses of $22,000. What was ABC's Gross Profitpercentage for this period? Type your answer in percentage form (leaving off the %sign) and roun

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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