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MrRa [10]
3 years ago
8

A company reports the following amounts at the end of the year:

Business
1 answer:
Inga [223]3 years ago
8 0

Answer:

33.33%

Explanation:

Given:

Sales revenue = $360,000

Cost of goods sold = $240,000

Net income = $53,000

Now,

the gross profit = Sales revenue - Cost of goods sold

or

The gross profit = $360,000  - $240,000  = $120,000

Thus,

the company's gross profit ratio = \frac{\textup{Gross Profit}}{\textup{Sales revenue}}

or

The company's gross profit ratio =  \frac{120,000}{\textup{360,000}

or

The company's gross profit ratio = 33.33%

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A job refers to employment, either full-time or part-time. It is also a piece of work to be performed.

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Over a period of several decades, coffee consumption declined from 75% of the adult population in 1962 to 49% in 2004. then, it
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<span>A good orientation would have explored the changes in these usage trends. By doing this, they could have figured out how to best market to these customers and maximize their profits. Even though there were drops in consumption, understanding and targeting those who still did consume would have borne the most success for those companies that undertook these steps.</span>
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2 years ago
tangshan China's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent ind
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3 years ago
At first glance, the research reported in the Washington Post article Why We've Been Hugely Underestimating the Overfishing of t
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RJR Nabisco recently experienced a market reevaluation due to a number of tobacco lawsuits. The firm has a bond outstanding with
vova2212 [387]

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Explanation:

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