Financial information is presented below:
Operating Expenses $ 45,000
Sales 150,000
Cost of Goods Sold 77,000
The gross profit rate would be
A) .700.
B) .187.
C) .300.
D) .487.

Question

Quizplus · Accepted Answer

The Answer of Financial information is presented below:
Operating Expenses $ 45,000
Sales 150,000
Cost of Goods Sold 77,000
The gross profit rate would be
A) .700.
B) .187.
C) .300.
D) .487.

Financial Information Is Presented Below