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Sapien Corporation has provided the following data for the most recent year:Sales$ 1,340,000Gross ...

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Sapien Corporation has provided the following data for the most recent year:Sales$ 1,340,000Gross ...

Sapien Corporation has provided the following data for the most recent year:

Sales	$ 1,340,000
Gross margin	$ 460,000
Net operating income	$ 54,846
Net income before taxes	$ 41,846
Net income	$ 27,200

The company’s gross margin percentage is closest to:

▸ 52.3%

▸ 1691.2%

▸ 5.9%

▸ 34.3%

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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