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  3. Study Set
    Financial Accounting Information for Decisions
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    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    JCPenney Had Net Sales of $24,750 Million,cost of Goods Sold
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JCPenney Had Net Sales of $24,750 Million,cost of Goods Sold

Question 33

Question 33

True/False

J.C.Penney had net sales of $24,750 million,cost of goods sold of $16,150 million,and net income of $837 million.Its gross margin ratio equals 3.4%.

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