JCPenny Had Net Sales of $28,496 Million,cost of Goods Sold

question 166

Multiple Choice

J.C.Penny had net sales of $28,496 million,cost of goods sold of $19,092 million,and net income of $997 million.Its gross margin ratio equals:

• A)3.5%.
• B)5.2%.
• C)33%.
• D)67%.
• E)149.3%.

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Definitions:

Interphase

The phase of the cell cycle in which the cell prepares for division by replicating its DNA and increasing in size, consisting of the G1, S, and G2 phases.

Membrane Channel Protein

Proteins that allow the passage of ions and molecules across cell membranes.

Phospholipid Bilayer

A critical component of all cell membranes, consisting of two layers of phospholipids which provide barriers and pathways for substances entering or exiting the cell.

Integral Protein

A type of membrane protein that is permanently attached to the biological membrane, playing critical roles in transport and signal transduction.