Current Attempt in Progress Bridgeport Corp.reported net sales $565,000, cost of goods sold $310,750, operating expenses...

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Current Attempt in Progress Bridgeport Corp.reported net sales $565,000, cost of goods sold $310,750, operating expenses $180

business accounting

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Answer 1

Answer #1

Gross profit = sales - cost of goods sold = $565000 - 310750 = $254,250

Gross profit rate = gross profit / sales = 254250 / 565000= 45%

Profit margin = Net income / sales = 66670 / 565000 = 11.8.%

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Answer 2

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Current Attempt in Progress Bridgeport Corp.reported net sales $565,000, cost of goods sold $310,750, operating expenses...

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Current Attempt in Progress Bridgeport Corp.reported net sales $565,000, cost of goods sold $310,750, operating expenses...

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