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DiKsa [7]
3 years ago
13

Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu

te the gross profit percentage to the nearest hundredth of a percent. Net income Gross profit on sales Average total assets Sales Tax rate on operating profit $69,960 $700,400 $360,600 $1,356,504 35% Select one: A. 9.99% B. 33.56%
Business
1 answer:
Anna71 [15]3 years ago
8 0

Answer:

C.51.63%

Explanation:

Gross profit percentage = Gross profit/ Net sales ×100

Gross profit $700,400

Net sales $1,356,504

Hence ;

$700,400/$1,356,504 ×100

=51.63%

Therefore the gross profit percentage is

51.63%

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Which of the following is NOT a way that the Fed controls the money supply?
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Answer:

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<em>I hope this information can help you.</em>

4 0
4 years ago
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Introduction of checks into the payments system reduced the costs of exchanging goods and services. Another advantage of checks
sweet-ann [11.9K]

Answer:

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