Coca-Cola reported net sales revenues of $19.8 billion and cost of goods sold of $6.0 billion.Its gross profit percentage was:
A)30.3%.
B)69.7%.
C)43.5%.
D)None of the answers are acceptable.

Name: Coca-Cola reported net sales revenues of $19.8 billion and cost of goods sold of $6.0 billion.Its gross profit percentage was: A)30.3%. B)69.7%. C)43.5%. D)None of the answers are acceptable.
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Question

Quizplus · Accepted Answer

Gross Profit% = [(Net Sales - COGS)/Net Sales] * 100 [($19.8 - $6)/$19.8] * 100 = 69.7%.

Coca-Cola Reported Net Sales Revenues of $19