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The Following Data Is from the Income Statement of Ralston

Question 100

Multiple Choice

The following data is from the income statement of Ralston Company:
 Revenue $36,000 Cost of goods sold (14,400)  Operating expenses (16,000)  Net income $5,600\begin{array}{lr}\text { Revenue } & \$ 36,000 \\\text { Cost of goods sold } & (14,400 ) \\\text { Operating expenses } & (16,000) \\\text { Net income } & \$ 5,600\end{array}
What is the company's gross margin percentage?


A) 66.67%
B) 25.93%
C) 60.00%
D) 15.60%

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