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

question 105

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.

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