PLease show Solutions for a guide. 1. A firm total sales is 156,000 this year. If the cost of sales is 55% . What is the amount of gross profit? 2. If the firm above earned a profit of 39,000 . How many percent of total sales is the net profit? 3. Compute for the operating expenses of the firm 1 and 2. How many percent of the total sales are the operating expenses?
PLease show Solutions for a guide. 1. A firm total sales is 156,000 this year. If the cost of sales is 55% . What is the amount of gross profit? 2. If the firm above earned a profit of 39,000 . How many percent of total sales is the net profit? 3. Compute for the operating expenses of the firm 1 and 2. How many percent of the total sales are the operating expenses?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PLease show Solutions for a guide.
1. A firm total sales is 156,000 this year. If the cost of sales is 55% . What is the amount of gross profit?
2. If the firm above earned a profit of 39,000 . How many percent of total sales is the net profit?
3. Compute for the operating expenses of the firm 1 and 2. How many percent of the total sales are the operating expenses?
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