Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.)CompanyNet SalesCost ofGoods SoldGrossProfitOperatingExpensesNet ProfitGross ProfitMargin (%)Net ProfitMargin (%)an optometry store$339,735$204,655$ $89,921$ % %

Ratio analysis is a method of measuring the financial position of the organization with different…

Answered: Calculate the gross and net profits (in…

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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Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.)

Company	Net Sales	Cost of Goods Sold	Gross Profit	Operating Expenses	Net Profit	Gross Profit Margin (%)	Net Profit Margin (%)
an optometry store	$339,735	$204,655	$	$89,921	$	%	%

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