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Ratios: Gross Profit Rate

14. Financial Statement Analysis / Ratios: Gross Profit Rate / Problema 7

Problema 7

A company reports net sales of \$750,000 and a cost of goods sold of \$500,000. What is the gross profit?

A

\$250,000

B

\$750,000

C

\$500,000

D

\$1,250,000