Calculate the Gross Margin Ratio for Each of the Following

question 172

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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