Calculate the Gross Margin Ratio for Each of the Following

question 174

Essay

Calculate the gross margin ratio for each of the following separate cases A through C:
$$\begin{array} { | l | l | l | l | } \hline & \text { A } & \text { B } & \text { C } \\\hline \text { Net sales } & \$ 145,000 & \$ 623,500 & \$ 37,800 \\\hline \text { Cost of goods sold } & 83,600 & 269,200 & 13,230 \\\hline\end{array}$$

---

Definitions:

Evolved

The process through which species undergo genetic changes over generations leading to variation and potentially new species.

Semilunar Valves

Valves between the ventricles of the heart and the arteries that carry blood away from the heart; aortic and pulmonary valves.

Exits

Points or passages for going out of a place or structure.

Heart

A muscular organ in most animals that pumps blood through the circulatory system by rhythmic contraction and dilation.