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Gross Margin Percentage: Company A: $32,000/$80,000 = 40

Question 89

Multiple Choice

Gross margin percentage:
Company A: $32,000/$80,000 = 40%
Company B: $45,000/$180,000 = 25%
Company C: $48,000/$120,000 = 40%
Company D: $40,000/$100,000= 40%
The discount retailer would have a lower gross margin percentage.
-Gomez Co.had beginning inventory of $2,400 and ending inventory of $1,200.The cost of goods sold was $9,600.Based on this information,Gomez Co.must have purchased inventory amounting to:


A) $8,400.
B) $9,600.
C) $10,800.
D) $13,200.

Correct Answer:

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