Cullumber Corporation reported net sales $640,000, cost of goods sold $358,400, operating expenses $168.000, and net income $53,760. Calculate the profit margin and gros profit rate. (Round answers to 1 decimal place, e.g. 10.2%)
Cullumber Corporation reported net sales $640,000, cost of goods sold $358,400, operating expenses $168.000, and net income $53,760. Calculate the profit margin and gros profit rate. (Round answers to 1 decimal place, e.g. 10.2%)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.5.3MBA
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