Big Canyon Enterprises has bonds on the market making annual payments, with 16 years to maturity, a par value of $1,000, and a p
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Answer:
The answer is 3. Subtracting cost of goods sold from net sales
Explanation:
Gross margin or Gross profit is the profit a business earn after deducting cost associated with making the goods from net sales(Net sales - Cost of goods sold or Cost of sales)
To calculate cost of goods sold - opening inventory/stock plus purchases minus closing inventory/stock.
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