If a company has sales of $500,000 and cost of goods sold of $350,000, the gross profit margin is
A) 15%.
B) 30%.
C) 70%.
D) 100%.
Correct Answer:
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Q118: Use the following information to answer questions
Q119: Which one of the following would not
Q120: Use the following information to answer questions
Q121: If a company has a higher gross
Q122: Which of the following is not true
Q124: Profit margin is a measure of
A)liquidity.
B)profitability.
C)solvency.
D)comparability.
Q125: Under a periodic inventory system,
A)purchases of inventory
Q126: Use the following financial information to answer
Q127: The Freight In account
A)increases the cost of
Q128: Which of the following accounts has a
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