Shelcal, Inc. provides the following data for the year 2019: Net Sales Revenue, $437,690; Cost of Goods Sold, $255,000. O The gross profit as a percentage of net sales is. (Round your answer to two decimal places.) A) 37.96% OB) 39.80% OC) 60.20% D) 40.8%

Shelcal, Inc. provides the following data for the year 2019: Net Sales Revenue, $437,690; Cost of Goods Sold, $255,000. O The gross profit as a percentage of net sales is. (Round your answer to two decimal places.) A) 37.96% OB) 39.80% OC) 60.20% D) 40.8%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Shelcal, Inc. provides the following data for the year 2019: Net Sales Revenue, $437,690; Cost of Goods Sold, $255,000.
O The gross profit as a percentage of net sales is (Round your answer to two decimal places.)
OA) 37.96%
OB) 39.80%
OC) 60.20%
OD) 40.8%

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