Business, 19.12.2019 06:31 jaccamoboy
Net sales for the year were $1,100,000 and cost of goods sold was $781,000 for the company�s existing products. a new product is presently under development and will have an expected selling price of not more than $69 per unit in order to remain competitive with similar products in the marketplace.
required:
a.
calculate gross profit and the gross profit ratio for the year.
net sales $1,100,000 ? %
cost of goods sold $781,000 ? %
gross profits $319,000 29 %
Answers: 3
Business, 22.06.2019 14:30
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