A company's net sales revenues are $1,000,000.Its cost of goods sold is $400,000.Which of the following is its gross profit percentage?
A) 40%
B) 60%
C) 167%
D) 250%
Correct Answer:
Verified
Q123: On a merchandising balance sheet,Merchandise inventory is
Q124: Which of the following is the gross
Q125: An adjusted trial balance for Woods
Q126: A small increase in the gross profit
Q127: Which of the following is the result
Q129: In a multi-step income statement,Operating expenses are
Q130: Where do Inventory and Cost of goods
Q131: Which of the following is subtracted from
Q132: A company's net sales revenue is $540,000.Its
Q133: Which of the following is NOT shown
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents