Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

A company's gross profit (or gross margin) was $110,180 and its net sales were $439,300. Its gross margin ratio is: A. 74.9%. B. 8.4%. C. $110,180.00 D. 25.1%. E. $329,120.00

Sagot :

Answer:

D

Explanation:

Gross profit margin is an example of a profitability ratio.

profitability ratios measures the efficiency with which a company generates profit from its asset

Gross profit margin measures the return on sales

Gross profit margin = gross profit / net sales

$110,180 / $439,300 = 25.1%

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.