Coleman, Inc. provides the following data from its Income Statement for 2018: Net Sales  $      560,000.00 Cost of Goods Sold  $    (160,000.00) Gross Profit  $      400,000.00 Calculate the gross profit percentage. (round your answer to two decimal places) A 71.43% B 25.00% C 100.00% D 28.57%

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Chapter6: Merchandising Transactions
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Coleman, Inc. provides the following data from its Income Statement for 2018:

Net Sales  $      560,000.00
Cost of Goods Sold  $    (160,000.00)
Gross Profit  $      400,000.00

Calculate the gross profit percentage. (round your answer to two decimal places)

A 71.43%
B 25.00%
C 100.00%
D 28.57%
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