The following data is from the income statement of Ralston Company:RevenueCost of goods sold$5,000(2,850)Operating expenses(800)Net income$ 1,350What is the company's gross margin percentage?Note: Round your answers to three decimal places.Multiple ChoiceOOOO62.790%27.000%57.000%43.000%

Gross Margin Percentage=Revenue-Cost of Goods SoldRevenue×100

The following data is from the income statement of Ralston Company: $ 5,000 (2,850) (800) $ 1,350 Revenue Cost of goods sold Operating expenses Net income What is the company's gross margin percentage? Note: Round your answers to three decimal places. Multiple Choice O 62.790% O 27.000% O 57.000% O 43.000%

The following data is from the income statement of Ralston Company: $ 5,000 (2,850) (800) $ 1,350 Revenue Cost of goods sold Operating expenses Net income What is the company's gross margin percentage? Note: Round your answers to three decimal places. Multiple Choice O 62.790% O 27.000% O 57.000% O 43.000%

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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