Answered: In 2020 Coca Cola reported net…

In 2020 Coca Cola reported net operating revenues of P18.2 billion and cost of goods sold for P0.8 billion. Their gross profit percentage for 2020 was

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

In 2020 Coca Cola reported net operating revenues of P18.2 billion and cost of goods sold for P0.8 billion.
Their gross profit percentage for 2020 was

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