Apex Electronics and Zenith Electronics are two competing retail stores. In January 2024: • • • Both stores had a dollar gross margin of $45,000 Apex's sales were three times that of Zenith Apex's gross margin as a percentage of sales was 15% What is Zenith's gross margin as a percentage of sales? a. 15% b. 25% c. 45% d. Cannot be calculated

Apex Electronics and Zenith Electronics are two competing retail stores. In January 2024: • • • Both stores had a dollar gross margin of $45,000 Apex's sales were three times that of Zenith Apex's gross margin as a percentage of sales was 15% What is Zenith's gross margin as a percentage of sales? a. 15% b. 25% c. 45% d. Cannot be calculated

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 57BE

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