Gross profit- swank had sales of 383000 and costs of goods, Ask an Expert

Finance

(Gross Profit)- Swank had sales of $383,000 and costs of goods sold of $260,000.

A. What is the gross profit margin (ratio of gross profit to sales)?

B. If the average firm in the clothing industry had a gross profit of 25 percent, how is the firm doing?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92075598

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