Please give me answer general accounting question If a company has Net sales of $45,800 andCost of goods sold of $25,190, what is thegross profit margin?

Step 1: Definition of Gross Profit MarginThe gross profit margin is a profitability ratio that…

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If a company has Net sales of $45,800 and Cost of goods sold of $25,190, what is the gross profit margin?

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

If a company has Net sales of $45,800 and
Cost of goods sold of $25,190, what is the
gross profit margin?

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The net profit margin tells how much profit a company makes for every dollar it generates in revenue. If N is the net income (the income after taxes have been paid) and R is the total revenue, then the net profit margin M is given by M(N, R) = . A certain company pays a tax rate of 10% on its income. (a) Use I for the income before taxes, and express the net income N in terms of I. (Be careful: N is the part of I left after taxes-not the part you pay in taxes.) N = (b) Use a formula to express the net profit margin in terms of the variables I and R. M =
The net profit margin tells how much profit a company makes for every dollar it generates in revenue. If N is the net income (income after taxes have been paid) and R is the total revenue, then the net profit margin M is M (N,R) =N/R. This company pays a tax rate of 35% on its income. A) let I represent the company’s income before taxes. Express N as a function of I. (n is the part of I left after taxes) B) express M in terms of I and R