Answered: Suppose the net sales is 1,60,000 for a…

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Suppose the net sales is 1,60,000 for a firm and cost of goods sold is 40,000. Calculate gross profit ratio.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...

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Suppose the net sales is 1,60,000 for a firm
and cost of goods sold is 40,000. Calculate
gross profit ratio,

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