A Company Reports the Following Amounts at the End of the Year

question 106

Short Answer

A company reports the following amounts at the end of the year:
Sales revenue
Cost of goods sold
Net income
$\$ 300,000$
225,000
50,000
Compute the company's gross profit ratio.

---

Definitions:

Brand Advocates

Individuals who enthusiastically promote and support a brand, often sharing positive experiences with others, thereby extending the brand's reach.

Specials

Promotional deals or products offered for a limited time to attract customers or boost sales.

Customer Support

Services provided by a company to help customers resolve issues, answer questions, and ensure satisfaction with the company's products or services.

Nielsen

A global information, data, and measurement company known for its market research and analyses related to consumer television and other media viewing habits.