Financial Accounting

Learn the toughest concepts covered in your Financial Accounting class with step-by-step video tutorials and practice problems.

Financial Statement Analysis

Ratios: Gross Profit Rate

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Ratios: Gross Profit Percentage

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Problem

If XYZ Company has net sales of $500,000 and cost of goods sold of $320,000, the gross profit percentage is:

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Problem

A company has sales of $300,000 and gross profit of $135,000. What is the company’s cost of goods sold?

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Problem

A company has sales of $300,000 and gross profit of $135,000. What is the gross profit percentage?