juansoto227711
19.12.2019 •
Business
The following information is taken from the financial statements of clybourn company for the current year:
current assets $ 632,000
total assets 1,424,000
cost of goods sold 1,040,000
gross profit 320,000
net income 192,000
the gross profit percentage for the current year rounded to the nearest whole percent is closest to?
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Ответ:
23.53% or 24% (Approx)
Explanation:
Given that,
Current Assets = $632,000
Total Assets = 1,424,000
Cost of Goods Sold = 1,040,000
Gross Profit = $320,000
Net Income = 192,000
Sales revenue = Cost of goods sold + Gross profit
= $1,040,000 + $320,000
= $1,360,000
Gross profit margin = (Gross Profit ÷ Sales) × 100
= (320,000 ÷ 1,360,000) × 100
= 0.23529 × 100
= 23.53% or 24% (Approx)
Ответ:
ye someone please answer please and thank you loves
Explanation: