Pine Valley Handcrafts reported Net Sales Revenue of $120,000 and Cost of Goods Sold totaled $82,800. What was Pine Valley Handcrafts' gross profit percentage for this period? Round your answer to the nearest whole percent.

Pine Valley Handcrafts reported Net Sales Revenue of $120,000 and Cost of Goods Sold totaled $82,800. What was Pine Valley Handcrafts' gross profit percentage for this period? Round your answer to the nearest whole percent.

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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Pine Valley Handcrafts reported Net Sales Revenue of
$120,000 and Cost of Goods Sold totaled $82,800.
What was Pine Valley Handcrafts' gross profit
percentage for this period? Round your answer to the
nearest whole percent.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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