Homework Help is Here – Start Your Trial Now!
Business
Accounting
Assume Evergreen Organic Foods made Net Sales Revenue of $450,000 and Cost of Goods Sold totaled $315,000. What was Evergreen Organic Foods' gross profit percentage for this period? Round your answer to the nearest whole percent. a. 30% b. 70% c. 43% d. 13%

Assume Evergreen Organic Foods made Net Sales Revenue of $450,000 and Cost of Goods Sold totaled $315,000. What was Evergreen Organic Foods' gross profit percentage for this period? Round your answer to the nearest whole percent. a. 30% b. 70% c. 43% d. 13%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
See similar textbooks
icon
Related questions
Question

Don't use ai given answer accounting questions

Assume Evergreen Organic Foods made Net Sales Revenue of $450,000 and Cost of Goods Sold totaled $315,000. What was Evergreen Organic Foods' gross profit percentage for this period? Round your answer to the nearest whole percent. a. 30% b. 70% c. 43% d. 13%
Transcribed Image Text:Assume Evergreen Organic Foods made Net Sales Revenue of $450,000 and Cost of Goods Sold totaled $315,000. What was Evergreen Organic Foods' gross profit percentage for this period? Round your answer to the nearest whole percent. a. 30% b. 70% c. 43% d. 13%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS