Financial information is presented below: Operating expenses$ 30000 Sa


Ask a Question

Financial information is presented below: Operating expenses$ 30000 Sales returns and allowances6000 Sales discounts5000 Sales revenue168000 Cost of goods sold97000 The gross profit rate would be a. 0.36. b. 0.38. c. 0.42. d. 0.61.

Sale price $15.00 Regular price $30.00

Financial information is presented below: Operating expenses$ 30000
Sales returns and allowances6000

Sales discounts5000

Sales revenue168000

Cost of goods sold97000

The gross profit rate would be

a. 0.36.

b. 0.38.

c. 0.42.

d. 0.61.

Questions & Answers

Have a Question?

Be the first to ask a question about this.

Ask a Question