Following Is Financial Statement Information for Rogex Corporation: Net Sales

question 46

Multiple Choice

Following is financial statement information for Rogex Corporation: net sales = $2,768; cost of goods sold = $1,210; depreciation = $360; interest expense = $160; taxes = $312; addition to retained earnings = $508; and dividends paid = $218. What is the gross profit margin for Rogex?

• A)26.2%
• B)30.3%
• C)43.3%
• D)56.3%

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Definitions:

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Petition of Right

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