What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales is 42.25% of the total sales? A) P53,129.00 B) P53,129.38 P72,620.62 D P72,620.00
What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales is 42.25% of the total sales? A) P53,129.00 B) P53,129.38 P72,620.62 D P72,620.00
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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