The net income is $1,000 sales is $10,000 cost of goods sold is $6,000. What is gross margin?
The net income is $1,000 sales is $10,000 cost of goods sold is $6,000. What is gross 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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Transcribed Image Text:The net income is $1,000 sales is $10,000
cost of goods sold is $6,000. What is gross
margin?
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