Business, 13.08.2019 05:10 Jasten

Net sales for the year were $750,000 and cost of goods sold was $480,000 for the company’s existing products. a new product is presently under development and will have an expected selling price of not more than $62 per unit in order to remain competitive with similar products in the marketplace. required: . calculate gross profit and the gross profit ratio for the year.

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Net sales for the year were $750,000 and cost of goods sold was $480,000 for the company’s existing...

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