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How do you calculate the gross profit of a company? The information is sales 600,000, cost of goods 45,000, the outcome of gross profit is 150,000. Also, the sales are 600,000, cost of goods sold 150,000.

How do you calculate the gross profit of a company? The information is sales 600,000, cost of goods 45,000, the outcome of gross profit is 150,000. Also, the sales are 600,000, cost of goods sold 150,000.

Intermediate Accounting: Reporting And Analysis
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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Calculate the gross profit of a company??

How do you calculate the gross profit of a company? The information is sales 600,000, cost of goods 45,000, the outcome of gross profit is 150,000. Also, the sales are 600,000, cost of goods sold 150,000.
Transcribed Image Text:How do you calculate the gross profit of a company? The information is sales 600,000, cost of goods 45,000, the outcome of gross profit is 150,000. Also, the sales are 600,000, cost of goods sold 150,000.
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