Nu Company Reported the Following Data for Its First Year

question 14

Multiple Choice

Nu Company reported the following data for its first year of operations: What is Nu's gross profit ratio?
$$\begin{array} { | l | r | } \hline \text { Net sales } & \$ 2,800 \\\hline \text { Cost of goods sold } & 1,680 \\\hline \text { Operating expenses } & 880 \\\hline \text { Ending inventories } & 820 \\\hline\end{array}$$

• A)80%.
• B)49%.
• C)40%.

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Definitions:

Lysosome

An organelle in the cytoplasm containing degradative enzymes enclosed in a membrane, involved in breaking down cellular waste.

Endocytosis

A cellular process by which a cell engulfs external particles, bringing them into the cell within a vesicle.

Sodium Chloride

A chemical compound with the formula NaCl, known commonly as table salt, used in cooking and food preservation.

Membrane Proteins

Proteins that are found within or attached to the membrane of cells, involved in various cellular processes.