Oriole Corporation reported net sales of $166,000, cost of goods sold of $99,600, operating expenses of $36,200, other expenses of $13,600, net income of $16,600. Calculate the following values: (Round answers to 0 decimal places, e.g. 15%.) 1. 2. Profit margin Gross profit rate % %
Oriole Corporation reported net sales of $166,000, cost of goods sold of $99,600, operating expenses of $36,200, other expenses of $13,600, net income of $16,600. Calculate the following values: (Round answers to 0 decimal places, e.g. 15%.) 1. 2. Profit margin Gross profit rate % %
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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![Oriole Corporation reported net sales of $166,000, cost of goods sold of $99,600, operating expenses of $36,200, other expenses of
$13,600, net income of $16,600.
Calculate the following values: (Round answers to 0 decimal places, e.g. 15%.)
1.
2.
Profit margin
Gross profit rate
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f6f4d9e-8977-4487-b242-ee8b12b51b57%2Fd039a756-4b95-4a03-941b-edfc96ef90d6%2Fyjq35hl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Oriole Corporation reported net sales of $166,000, cost of goods sold of $99,600, operating expenses of $36,200, other expenses of
$13,600, net income of $16,600.
Calculate the following values: (Round answers to 0 decimal places, e.g. 15%.)
1.
2.
Profit margin
Gross profit rate
%
%
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