Multiple Choice
What is George's gross profit rate if net sales are $100,000,operating expenses are $25,000,and cost of goods sold is $60,000?
A) 40.0%
B) 25.0%
C) 35.0%
D) 60.0%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q25: The ratio that indicates the amount of
Q53: A common-size comparative statement shows:<br>A)percents.<br>B)dollar increases/decreases.<br>C)whole dollar
Q54: If the average collection period has decreased
Q55: If the return on sales is 11%
Q56: To be meaningful,a small business should compare
Q58: Common-size statements are used to compare companies
Q60: For each of the following items,
Q61: What was the percentage of decrease in
Q75: Which analysis deals with comparing items in
Q101: An expression of the amount of each