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  3. Study Set
    Financial Accounting Study Set 13
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
  5. Question
    In 2012,C Co
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In 2012,C Co

Question 1

Question 1

Multiple Choice

In 2012,C Co.reported net sales revenues of $19.8 billion and cost of goods sold for $6.0 billion.What was their gross profit percentage for 2012?


A) 30.3%
B) 43.5%
C) 69.7%
D) 76.74%

Correct Answer:

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