gross profit percentage for the month of January.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Gross Profit Percentage
Using the data below, compute Dino's gross profit percentage for the month of January.
Round to one decimal.
Net sales
$10,000
Cost of goods sold
4,000
Operating expenses
3,000
Other income
500
Income tax expense
1,200
Gross profit percentage:
Check
Transcribed Image Text:Gross Profit Percentage Using the data below, compute Dino's gross profit percentage for the month of January. Round to one decimal. Net sales $10,000 Cost of goods sold 4,000 Operating expenses 3,000 Other income 500 Income tax expense 1,200 Gross profit percentage: Check
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