What is the gross margin percentage
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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The following is Cullumber Company’s income statement for the past year.
Sales revenue | $336,000 | |
Cost of goods sold | 134,400 | |
Gross margin | 201,600 | |
Operating expenses | 145,600 | |
Operating income | $56,000 |
What is the gross margin percentage? (Round answer to 0 decimal places, e.g. 45%.)
Gross margin percentage |
enter gross margin percentage rounded to 0 decimal places %
|
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