Mercer, Inc $$\begin{array} { | l | l | } \hline \text { Net Sales Revenue } & 602,000 \\\hline \text { Cost of Goods Sold } & 380,000 \\\hline\end{array}$$

question 42

Multiple Choice

Mercer, Inc. provides the following data for 2019: $$\begin{array} { | l | l | } \hline \text { Net Sales Revenue } & 602,000 \\\hline \text { Cost of Goods Sold } & 380,000 \\\hline\end{array}$$ The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)

• A) 35.24%
• B) 36.88%
• C) 63.12%
• D) 38.21%

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Definitions:

Operating Activities

The day-to-day actions that are involved in running a business, which are recorded in the cash flow from operating activities section of a company's cash flow statement.

Net Cash

The amount of cash available after accounting for all cash inflows and outflows.

Operating Activities

The day-to-day actions of a business that relate to its core operations, including production, sales, and other functions that generate revenue.

Net Cash

Cash balance post the deducting of cash disbursements from cash receipts.