Answered: Calculate the gross profit percentage…

Calculate the gross profit percentage for 2022 with comparative figures Discuss 3 ways in which the gross profit margin can be improved

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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Question

Calculate the gross profit percentage for 2022 with comparative figures
Discuss 3 ways in which the gross profit margin can be improved

2022

2021

Sales (all credit)

1 435 400

1 685 400

Cost of sales (all credit)

(778 700)

(825 600)

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