Solved

Dimension Lighting Corp  Net Sales $27,250 Cost of Goods Sold 19,600 Gross Profit $7,650\begin{array} { l r } \text { Net Sales } & \$ 27,250 \\\text { Cost of Goods Sold } & 19,600 \\\text { Gross Profit } & \$ 7,650\end{array}

Question 70

Multiple Choice

Dimension Lighting Corp.has the following data at its fiscal year-end: ??
?
 Net Sales $27,250 Cost of Goods Sold 19,600 Gross Profit $7,650\begin{array} { l r } \text { Net Sales } & \$ 27,250 \\\text { Cost of Goods Sold } & 19,600 \\\text { Gross Profit } & \$ 7,650\end{array} Determine Dimension Lighting's gross profit ration.
?


A) 28.1%
B) 39.0%
C) 71.9%
D) None of these choices

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions