Answered: Green Cafe reports net sales of…

Green Cafe reports net sales of $800,000, cost of goods sold of $480,000, and net income of $65,000. The company's gross margin is: a) $320,000 b) $735,000 c) $415,000 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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Please give me answer general accounting question

Green Cafe reports net sales of $800,000, cost of goods sold of
$480,000, and net income of $65,000. The company's gross margin is:
a) $320,000
b) $735,000
c) $415,000
d) Some other amount

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