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.)Gross ProfitMargin (%)38.43 %CompanyNet Salesan optometry store $340,735Cost ofGoods Sold$209,655$GrossProfitOperatingExpenses$83,921Net Profit$ 47,159✓Net ProfitMargin (%)%

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.) Cost of Goods Sold Gross Profit Operating Expenses Gross Profit Margin (%) Net Profit Margin (%) Company an optometry store Net Sales $340,735 $209,655 $ $83,921 Net Profit $ 47,159 38.43 % %

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.) Cost of Goods Sold Gross Profit Operating Expenses Gross Profit Margin (%) Net Profit Margin (%) Company an optometry store Net Sales $340,735 $209,655 $ $83,921 Net Profit $ 47,159 38.43 % %

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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