Answered: The ratio of Gross profit expressed as…

The ratio of Gross profit expressed as a percentage of sales is called: a. Gross Profit Ratio O b. Net Profit Ratio c. None of these O d. Operating Profit Ratio

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.9MBA

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Question

The ratio of Gross profit expressed
as a percentage of sales is called:
a. Gross Profit Ratio
O b. Net Profit Ratio
c. None of these
O d. Operating Profit Ratio

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