Danby,IncProvides the Following Data from Its Income Statement for 2018

question 22

Multiple Choice

Danby,Inc.provides the following data from its income statement for 2018: $$\begin{array} { | l | r | } \hline \text { Net Sales } & \$ 540,000 \\\hline \text { Cost of Goods Sold } & \$ 190,000 \\\hline \text { Gross Profit } & \$ 350,000 \\\hline\end{array}$$ Calculate the gross profit percentage.(Round your answer to two decimal places.)

• A) 18.42%
• B) 64.81%
• C) 100.00%
• D) 35.19%

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Definitions:

Amino Acids

The building blocks of proteins, consisting of a basic amino group, an acidic carboxyl group, and a unique side chain.

Hydrogen Bonds

A weak bond between two molecules resulting from an electrostatic attraction between a proton in one molecule and an electronegative atom in the other.

Anticodons

Sequences of three nucleotides on transfer RNA molecules that are complementary to codons on messenger RNA and ensure the correct amino acids are added during protein synthesis.