Coastal Market reports net sales of $2,450,000, cost of goods sold of $1,715,000, and net income of $210,000. What is the company's gross margin? a) $525,000 b) $735,000 c) $1,925,000 d) Some other amount

Coastal Market reports net sales of $2,450,000, cost of goods sold of $1,715,000, and net income of $210,000. What is the company's gross margin? a) $525,000 b) $735,000 c) $1,925,000 d) Some other amount

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...

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Hi expert please given correct answer with general accounting

Coastal Market reports net sales of $2,450,000, cost of goods sold of
$1,715,000, and net income of $210,000. What is the company's gross margin?
a) $525,000
b) $735,000
c) $1,925,000
d) Some other amount

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