The following information was drawn from the annual reports of two companies.
Company A Company B
Sales revenue $ 1,000 $ 2,000
Cost of goods sold (600) (1,100)
Gross margin 400 900
Operating expenses (220) (700)
Operating income 180 200
Gain on sale of equipment 150 0
Net income $ 330 $ 200
Based on this information, Company A's gross margin percentage is
a. 60%.
b. 55%.
c. 45%.
d. 40%.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The following information was drawn from the annual reports of two companies. Company A Company B Sales revenue $ 1,000 $ 2,000 Cost of ...” 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
You Might be Interested in
What causes more than 50 million of tv advertising expenditures?
Answers (1)
If a producer violates an insurance law and also commits a criminal action in the process, which action is the Director most likely to take against the producer?
Answers (1)
The U. S. Supreme Court ruled that cities could have school voucher programs that give money directly to parents, who could then choose among competing schools, public or private. The ideas was to create competition among schools.
Answers (1)
There are different standards for due process in civil and criminal cases. True or False
Answers (1)
Why the shopkeepers made more money than the gold prospectors?
Answers (1)
New Questions in Business
The following data has been provided for a compan most recent year of operations: Return on investment 40 % Average operating assets $ 45,000 Minimum required rate of return 19 % The residual income for the year was closest to: Multiple Choice: A.
Answers (1)
Suppose the exchange rate between the US and Japan changes from $1=100 yen to $1=110 yen. What would happen to the prices of American goods in Japan?
Answers (1)
What is the major difference between owner-occupied housing and cooperative housing?
Answers (1)
What is a car loan? a way to pay in advance for using a car for a given time period a way to pay for a car that is dependent on the number of miles you drive a way to borrow money from a bank or financial institution to pay for a car?
Answers (1)
Horton Industries' shareholders' equity included 140 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $1,120 million.
Answers (1)