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matrenka [14]
4 years ago
12

​Coleman, Inc. provides the following data from its income statement for​ 2017:Net Sales​$500,000Cost of Goods Sold​(200,000)Gro

ss Profit​$300,000Calculate the gross profit percentage.​ (Round your answer to two decimal​ places.)
Business
1 answer:
Illusion [34]4 years ago
3 0

Answer: 60 %

Explanation: Gross profit refers to the amount of profit that a company has after deducting for making and selling charges.

Gross profit percentage or gross profit ratio refers to the ratio of gross profit and net sales. It is used to evaluate how much gross profit does a company makes from its sales. It is a good measure for evaluating liquidity.

This could be calculated as follows :-

gross\:profit\:ratio=\frac{gross\:profit}{net\:sales}

gross\:profit\:ratio=\frac{300,000}{500,000}

=60 %

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Under ________, a consumer can rescind a mortgage loan for up to after signing. In addition, if the lender does not comply with
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Truth in Lending Act of 1968

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artcher [175]

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8 0
3 years ago
Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free mark
bogdanovich [222]

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A. attracted both trade and foreign direct investment.

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4 years ago
A municipal bond carries a coupon of 6.75% and is trading at par. What is the equivalent taxable yield to a taxpayer in a combin
Bingel [31]

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10.23%

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Formula for computation of equivalent taxable yield is r = rm/1-t. Where the tax rate is t, rm is Yield on municipal bond and r is Tax equivalent yield

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8 0
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