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Dimension Lighting Corp  Net Sales $27,250 Cost of Goods Sold 19,600 Gross Profit $7,650\begin{array} { l r } \text { Net Sales } & \$ 27,250 \\\text { Cost of Goods Sold } & 19,600 \\\text { Gross Profit } & \$ 7,650\end{array}

question 70

Multiple Choice

Dimension Lighting Corp.has the following data at its fiscal year-end: ??
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 Net Sales $27,250 Cost of Goods Sold 19,600 Gross Profit $7,650\begin{array} { l r } \text { Net Sales } & \$ 27,250 \\\text { Cost of Goods Sold } & 19,600 \\\text { Gross Profit } & \$ 7,650\end{array} Determine Dimension Lighting's gross profit ration.
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Definitions:

Related Revenues

Income that is directly connected to the primary operations or activities of a business.

Revenue

The total income generated by a business from its normal business operations, such as sales of goods or services.

Earned

Income or revenue that has been generated from business activities or services provided.

Cash

Money in the form of coins or banknotes, especially that used to operate a business.

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