Tamarisk, Inc. reported net sales $880.000: cost of goods sold $572.000: operating expenses $231.000: and net income $74,800.Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%)Profit marginGross profit rate

Profit margin is the measure of your business's profitability. It is expressed as a percentage and…

Tamarisk, inc. rep Inet sales $880,000; cost of goods sold $5. operating expenses $232 00:and net income $74,8 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin Gross profit rate

Tamarisk, inc. rep Inet sales $880,000; cost of goods sold $5. operating expenses $232 00:and net income $74,8 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin Gross profit rate

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 1MC

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Tamarisk, Inc. reported net sales $880.000: cost of goods sold $572.000: operating expenses $231.000: and net income $74,800.
Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%)
Profit margin
Gross profit rate

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