Calculate the Gross Margin Ratio for Each of the Following

question 52

Essay

Calculate the gross margin ratio for each of the following separate cases A through D:
$\begin{array}{|l|r|r|r|r|}\hline &{\text { A }} &{\text { B }} &{\text { C }} &{\text { D }} \\\hline \text { Net sales } & \$ 135,000 & \$ 623,500 & \$ 37,800 & \$ 259,600 \\\hline \text { Cost of goods sold } & 83,600 & 249,200 & 13,230 & 127,204 \\\hline\end{array}$

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