A Company Had Net Sales of $82,000,cost of Goods Sold

question 174

Multiple Choice

A company had net sales of $82,000,cost of goods sold of $70,000,and other expenses of $2,000.Its gross margin ratio equals:

• A)85.37%.
• B)2.44%.
• C)14.63%.
• D)16.67%.
• E)683.33%.

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Definitions:

Sixteenth-century

The period from 1501 to 1600, marking the 16th century in the Gregorian calendar.

Worldly Orientation

An approach or perspective that emphasizes a global and multicultural view, valuing diverse experiences and understanding beyond one's local or national confines.

Spiritually Oriented

Refers to individuals or practices focused on matters of the spirit or religion, often involving a search for meaning or connection with a higher power.

Relations Between the Sexes

The interactions and dynamics that exist in the social, cultural, and personal contexts between male and female genders.