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The Following Information Has Been Provided by the Evans Retail

question 44

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The following information has been provided by the Evans Retail Stores, Inc., for the first quarter of the year:
 Sales $350,000 Variable Selling Expenses $35,000 Fixed Selling Expenses $25,000 Cost of Goods Sold $160,000 Fixed Administrative Expenses $55,000 Variable Administrative Expenses $15,000\begin{array} { | l | r | } \hline \text { Sales } & \$ 350,000 \\\hline \text { Variable Selling Expenses } & \$ 35,000 \\\hline \text { Fixed Selling Expenses } & \$ 25,000 \\\hline \text { Cost of Goods Sold } & \$ 160,000 \\\hline \text { Fixed Administrative Expenses } & \$ 55,000 \\\hline \text { Variable Administrative Expenses } & \$ 15,000 \\\hline\end{array}


-What is the gross margin of Evans Retail Stores,Inc.,for the first quarter?

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