Following Is Financial Statement Information for Rogex Corporation: Net Sales

Multiple Choice

Following is financial statement information for Rogex Corporation: net sales = $2,768; cost of goods sold = $1,210; depreciation = $360; interest expense = $160; taxes = $312; addition to retained earnings = $508; and dividends paid = $218. What is the gross profit margin for Rogex?

A) 26.2%
B) 30.3%
C) 43.3%
D) 56.3%