Gross margin is calculated asGroup of answer choicesnet sales revenues minus fixed costs.operating revenues minus costs of goods sold.recurring revenues minus costs of goods sold.net sales revenues minus variable costs.net sales revenues minus costs of goods sold.

Gross profit is:Group of answer choicesthe amount left over after cost of goods sold is subtracted from net salesnet sales less selling expensessales less sales discountsnet sales less operating expenses

A company's net sales were $727,700, its cost of goods sold was $244,510 and its net income was $62,450. Its gross margin ratio equals:Multiple Choice8.6%.25.5%.33.6%.66.4%.297.6%.

Another term for gross profit is Blank______.Multiple choice question.gross margingross revenuecost of goods soldnet sales

A gross margin is the difference between total revenue earned by the enterprise and variable (direct) costs?

Profit margin is calculated by dividing:Question 2Answera.sales by cost of sales.b.profit by total assetsc.profit by equityd.profit by net sales