1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
matrenka [14]
3 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]3 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 %

You might be interested in
Insurance can help you: evefi
leva [86]

Insurance can definitely help you in case of an emergency.

Hope this helps!

8 0
3 years ago
Chris gilbert, 1966-68, was the first person in college football history, and the only ut player, to rush for more than 1000 yar
Westkost [7]
Distance ran by Chris Gilbert, D = 96 yards
Speed, S = 4.9 s / 40 yards
Time ran by Chris Gilbert, T = D x S
T = (96 yards) x (4.9 s / 40 yards)
T = 11.76 s, total time ran by Chris Gilbert
3 0
3 years ago
HELP BUSINESS ENGLISH!
yulyashka [42]
I believe the answer should be C. autonomy.
Explanation : Manny is denied time off, Autonomy allows you to set your own schedule. Manny’s new co workers are sloppy, Autonomy means frequently asking your employees for feedback.
4 0
2 years ago
Your cash t-account has a beginning debit balance of $5,000. New debits are $500 and new credits are three times new debits. Wha
gulaghasi [49]

Answer: 4000

Explanation:

7 0
3 years ago
One of the difficult issues the organization may run into if it chooses a(n) ______ recruiting option is the presence of a bona
Vladimir [108]

Answer:Internal

Explanation:Internal recruitment is the process through which Organisations employ their staff through sources or persons within an organisation, it considers internal factors such as performance and number of years worked etc.

MOST INTERNAL RECRUITMENT OPTIONS ARE GREATLY INFLUENCED BY SENIORITY SYSTEM AS THE MOST SENIOR PERSONNEL EXPECTS TO BE GIVEN THE CHANCE TO FILL VACANT POSITIONS WITHIN THE ORGANISATION.

3 0
3 years ago
Other questions:
  • How do you see your housing needs and goals changing over time?<br> This is an essay question.
    8·1 answer
  • Workers are constantly adjusting to changes in technology and society that affect work. In order to keep up with all of these ch
    14·2 answers
  • Which is NOT a tactic TV stations use to get people to watch the news?
    14·1 answer
  • The balance sheet below reflects Zee Bank after its purchase of $50 million in government securities from the Fed. Assume a requ
    12·1 answer
  • Consider a simple example economy where there are two goods, coconuts and restaurant meals (coconut-based). There are two firms.
    10·1 answer
  • Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
    10·1 answer
  • Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.
    6·1 answer
  • Which of the following is appropriate interview attire for women?
    15·1 answer
  • When a broker-dealer maintains a firm market in a stock, that broker-dealer is committed to?
    15·1 answer
  • if you are interested in a career in the hospitality industry, it is important that you enjoy the following:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!