Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180,000 Other income 20,000 Calculate Alex's gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage 0%

Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180,000 Other income 20,000 Calculate Alex's gross profit percentage and profit margin. Round to one decimal place. Gross profit percentage 0%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 38E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...

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Alex Enterprises reports the following information on its year-end income statement:
Net sales
$300,000 Operating expenses $60,000
Cost of goods sold
180,000 Other income
20,000
Calculate Alex's gross profit percentage and profit margin. Round to one decimal place.
Gross profit percentage
%
Profit margin percentage
%

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