Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180.000 Other income 20.000 Calculate Alexs gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage Profit margin percentage

Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180.000 Other income 20.000 Calculate Alexs gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage Profit margin percentage

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 38E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...

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