1. Calculate Dobby's gross profit ratio. Round your answer to the nearest whole percent. % 2. Calculate Dobby's net profit margin ratio. Round your answer to the nearest whole percent. %
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Ratio Analysis
Dobby's statement of earnings lists net sales of $179,000 and a gross margin of $111,000. All other expenses not included in the gross margin totalled $46,500.
Required:
1. Calculate Dobby's gross profit ratio. Round your answer to the nearest whole percent.
%
2. Calculate Dobby's net profit margin ratio. Round your answer to the nearest whole percent.
%
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