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Author Question: Find the gross profit margin ratio if The Rose Garden Cafeteria had net sales of $389,466, and its ... (Read 215 times)

FButt

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Question 1

Find the operating ratio for Washington Retailers if the annual cost of goods sold is $268,411, the operating expenses are $41,301, and the net sales are $422,635. Round to three decimal places.
◦ 1.365 to 1
◦ 0.635 to 1
◦ 0.733 to 1
◦ 0.579 to 1

Question 2

Find the gross profit margin ratio if The Rose Garden Cafeteria had net sales of $389,466, and its cost of goods sold was $173,191. Round to three decimal places.
◦ 2.249 to 1
◦ 1.249 to 1
◦ 0.445 to 1
◦ 0.555 to 1


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Marked as best answer by FButt on Feb 26, 2020

ttt030911

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FButt

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Reply 2 on: Feb 26, 2020
YES! Correct, THANKS for helping me on my review


strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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