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

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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