Calculate the Gross Margin Ratio for Each of the Following

question 16

Essay

Calculate the gross margin ratio for each of the following separate cases A through D:
A B C D
Net sales…………… $135,000 $623,500 $37,800 $259,600
Cost of goods sold… 83,600 249,200 3,230 127,204

---

Definitions:

Long Run

In economics, a period during which all factors of production and costs are variable, allowing for full industry adjustment to change.

Lowest Price

The minimum price at which a product or service is offered in the market.

Short Run

A period in economic theory during which at least one input is fixed while others are variable.

Short Run

A period in economics during which the quantities of some inputs, typically capital, cannot be changed, affecting how firms adjust production levels.