FINANCIAL ACCOUNTING ACCT 2301 >IC<
FINANCIAL ACCOUNTING ACCT 2301 >IC<
5th Edition
ISBN: 9781259690457
Author: Wild
Publisher: MCGRAW-HILL CUSTOM PUBLISHING
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Chapter 4, Problem 2BTN

1.

To determine

Compute the dollar amount fo gross margin and the gross margin ratio for the two years for Company A and Company G.

(b)

To determine

Explain the company that earns more in gross margin for each dollar of net sales and compare to the industry average of 45.0%.

(c)

To determine

Explain whether the gross margin ratio improves or decline for Company G and Company A.

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