Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
am.201.
Transcribed Image Text:What is the gross profit margin using the following information? Remember to express it as a % and take it out two decimal places.
Year Ended 2021
Sales $25000
Cost of Sales $12000
Gross Profit $13000
Net income $18000
Current assets $22000
Total Liabilities $16000
Stockholders' Equity $30000
Current Liabilities $5000
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