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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Island Industries reported Net Sales of $306,000, Cost of Goods Sold of $192,600, Operating Expenses of $58,900, and Income Tax Expense of 12,300. Island Industries' gross profit margin percentage was:
A) 37.06.
B) 13.79.
C) 62.94.
D) 17.81.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
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