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do not understand how to find the dollar amounts for these questions with the numbers given: Compute the $ based on these percentages Net Sales $46,710 Gross Profit: $21,479 Net Income: $6,046 Total Selling and Administrative Expense: $14, 804 a)Cost of Goods 54.0% = $ Amount b)Gross Margin Percentage 46.0% = $ Amount c)SG&A Expense Percentage 31.7% = $ Amount

do not understand how to find the dollar amounts for these questions with the numbers given: Compute the $ based on these percentages Net Sales $46,710 Gross Profit: $21,479 Net Income: $6,046 Total Selling and Administrative Expense: $14, 804 a)Cost of Goods 54.0% = $ Amount b)Gross Margin Percentage 46.0% = $ Amount c)SG&A Expense Percentage 31.7% = $ Amount

FINANCIAL ACCOUNTING
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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7.

I do not understand how to find the dollar amounts for these questions with the numbers given: Compute the $ based on these percentages

Net Sales $46,710
Gross Profit: $21,479
Net Income: $6,046
Total Selling and Administrative Expense: $14, 804

a)Cost of Goods 54.0% = $ Amount
b)Gross Margin Percentage 46.0% = $ Amount
c)SG&A Expense Percentage 31.7% = $ Amount
d)Operating Profit Margin Percentage 14.2% = $ Amount
e) Net Profit Margin (After Taxes) 12.9% = $ Amount

If you could provide the formulas used it would be a big help, again the percents are already there I need to find the dollar amount the percents reflect.

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