Answered: companys net sal were 742300 its cost…

companys net sal were 742300 its cost of goods sold was 246440 and its net income was 70650 its gross margin ratio equals 9.5 28.7 33.2 68.8 3012%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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a companys net sal were 742300 its cost of goods sold was 246440 and its net income was 70650 its gross margin ratio equals

9.5

28.7

33.2

68.8

3012%

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