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VladimirAG [237]
2 years ago
9

Anthony corporation reported the following amounts for the year: net sales$296,000 cost of goods sold 138,000 average inventory

50,000 anthony's gross profit ratio is?
Business
1 answer:
VladimirAG [237]2 years ago
4 0

In the given question GP ratio will be 53.4%

Here Net sales= 296000 $

Cost of goods sold= 138000 $

average inventory= 50000 $

Gross profit= Net sales- Cost of goods sold

                    =296000-138000

                     =158000

Formula for calculating Gross profit ratio is:

Gross profit/ Net sales *100

= 158000/296000*100

=53.4%

Gross profit ratio is a financial ratio which measures the performance and efficiency of a business by dividing its gross profit  by the total net sales. The gross profit ratio can also be expressed in  the form of percentage by multiplying the result by 100.

To know more about GP ratio here:

brainly.com/question/22718027

#SPJ4

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A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is
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See explanation below

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With regards to the above analysis, it is recommended that Pine street inc. Should go with the option of selling finished bookcases because it would yield the company the highest profit.

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Answer:

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