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:

Ridiculous Alternatives

A technique used in problem-solving or therapeutic contexts to spur creativity by considering seemingly absurd or impractical options.

Allostasis

The process by which the body responds to stressors by changing its physiological parameters to maintain homeostasis.

Homeostasis

The ability of a system, especially the body, to maintain internal stability, compensating for environmental changes.

Physiological

Pertaining to the functions and processes of the organs and systems within a living organism.