Ask Question
9 May, 03:29

Mega skateboard supplier had net sales of $2.8 million, its cost of goods sold was $1.6 million, and its net income was $0.9 million. its gross margin ratio equals:

+4
Answers (1)
  1. 9 May, 04:14
    0
    The gross margin ratio is also sometimes referred to as the gross profit percentage or the gross profit margin. To solve for its value, we divide the net profit of a certain company or group by its net sales. From the given above,

    gross profit margin = $0.9 million / $2.8 million = 0.32
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mega skateboard supplier had net sales of $2.8 million, its cost of goods sold was $1.6 million, and its net income was $0.9 million. its ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers