Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180.000 Other income 20.000 Calculate Alexs gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage Profit margin percentage

Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180.000 Other income 20.000 Calculate Alexs gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage Profit margin percentage

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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