Calculate the Gross Margin Ratio for Each of the Following

question 138

Essay

Calculate the gross margin ratio for each of the following separate cases A through D:
$\begin{array}{|l|r|r|r|r|}\hline& \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} \\\hline \text { Net sales } & \$ 135,000 & \$ 623,500 & \$ 37,800 & \$ 259,600 \\\hline \text { Cost of goods sold } & 83,600 & 249,200 & 13,230 & 127,204 \\\hline\end{array}$

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Definitions:

Recovery

The process of obtaining rightful recovery or reimbursement for losses, damages, or sums owed.

Liquidated Debt

A debt that is due and certain in amount.

Accord And Satisfaction

A negotiated agreement and payment between parties in a dispute, where payment is accepted as full resolution.

Forfeiting Right

The act of giving up or losing a right as a consequence of failing to comply with specific conditions or regulations.