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 $327,735 $201,655 $ $83,921 $ % %

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 $327,735 $201,655 $ $83,921 $ % %

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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Company	Net Sales	Cost of Goods Sold	Gross Profit	Operating Expenses	Net Profit	Gross Profit Margin (%)	Net Profit Margin (%)
an optometry store	$327,735	$201,655	$	$83,921	$	%	%

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