The following data is from the income statement of Ralston Company:
$\begin{array}{lr}
\text { Revenue } & \$ 36,000 \
\text { Cost of goods sold } & (14,400 )\
\text { Operating expenses } & (16,000)\
\text { Net income } & \$ 5,600
\end{array}$
What is the company's gross margin percentage?

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The Answer of The following data is from the income statement of Ralston Company:
$\begin{array}{lr}
\text { Revenue } & \$ 36,000 \
\text { Cost of goods sold } & (14,400 )\
\text { Operating expenses } & (16,000)\
\text { Net income } & \$ 5,600
\end{array}$
What is the company's gross margin percentage?

The Following Data Is from the Income Statement of Ralston