Gross profit margin is calculated by dividing cost of goods sold by net sales.
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Q51: In the periodic system of accounting, the
Q52: An increase in sales will always increase
Q53: In a periodic inventory system, detailed records
Q54: Gross profit margin is net sales divided
Q55: An increase in profit when accompanied with
Q57: A company can improve its profit margin
Q58: To increase their gross profit margin, a
Q59: Purchases is a temporary account reported on
Q60: Under a periodic inventory system, the inventory
Q61: Net purchases is determined by adding purchase
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