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  3. Study Set
    Fundamental Accounting Principles Study Set 8
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    Exam 17: Analyzing Financial Statements
  5. Question
    Chapter's Had Net Sales of $26,125 Million
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Chapter's Had Net Sales of $26,125 Million

Question 8

Question 8

Multiple Choice

Chapter's had net sales of $26,125 million. Its cost of goods sold was $16,022 million. Its profit was $997 million. Its gross profit ratio was:


A) 67%.
B) 3.5%.
C) 149.3%.
D) 5.2%.
E) 38.6%.

Correct Answer:

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