1 answer

Financial information is presented below: Operating expenses $ 34000 Sales returns and allowances 8000 Sales discounts...

Question:

Financial information is presented below: Operating expenses $ 34000

Sales returns and allowances 8000

Sales discounts 3000

Sales revenue 142000

Cost of goods sold 85000

The profit margin ratio would be


Answers

Sales revenue Less: Sales discount Less: Sales return and allowances Net sales 142,000 -3,000 -8,000 131,000 Net sales Less:

Answer: 9.16%

.

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