JCPenny Had Net Sales of $28,496 Million,its Cost of Goods

question 134

Multiple Choice

J.C.Penny had net sales of $28,496 million,its cost of goods sold was $19,092 million and its net income was $997 million.Its gross margin ratio equals:

• A)3.5%
• B)5.2%
• C)33%
• D)67%
• E)149.3%

---

Definitions:

External Influences

Factors outside of an organization that can impact its performance or decisions.

Undermine Union

Refers to actions or strategies aimed at weakening the influence or effectiveness of labor unions.

Bargaining Issues

Topics discussed and negotiated during the collective bargaining process, including wages, benefits, working conditions, and job security.

Union Workers

Employees who are members of a labor union, a collective organization that represents their interests in negotiations with employers over issues like wages, benefits, and working conditions.