Ziehart Pharmaceuticals reported Net Sales of $180,000 and Cost of Goods Sold of $59,000. Candy Electronics Corp. reported Net Sales of $38,000 and Cost of Goods Sold of $27,800. 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) Gross Profit Ziehart Phammaceuticals Candy Electronics Corp. 2 Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? O Ziehart Pharmaceuticals O Candy Electronics Corp.

Ziehart Pharmaceuticals reported Net Sales of $180,000 and Cost of Goods Sold of $59,000. Candy Electronics Corp. reported Net Sales of $38,000 and Cost of Goods Sold of $27,800. 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) Gross Profit Ziehart Phammaceuticals Candy Electronics Corp. 2 Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? O Ziehart Pharmaceuticals O Candy Electronics Corp.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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