Current Attempt in Progress Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit margin rounded to the nearest percentage is O 40%. O 43%. O 21%. O 19%.

Current Attempt in Progress Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit margin rounded to the nearest percentage is O 40%. O 43%. O 21%. O 19%.

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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Current Attempt in Progress
Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit
margin rounded to the nearest percentage is
40%.
43%.
21%.
O 19%.

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