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%.

If sales revenue is $600,000 and cost of sales is $450,000, the gross profit margin is:33%25%67%75%

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.

Multiple Choice QuestionDuring the period, a company reports Sales of $38,000, Cost of Goods Sold of $20,000, and Income of $1,500. Profit margin is:Multiple choice question.3.9%8.3%7.5%

A gross profit ratio of 55% indicates that:Multiple Choicefor each $1 of net income, the company generates $0.55 in gross profit.for each $1 of sales, the company generates $0.55 in gross profit.for each $1 of gross profit, the company generates $0.55 in net income.for each $1 of gross profit, the company generates $0.55 in sales.

A company has sales of Rs. 3,000,000, a gross profit margin of 30%, and operating expenses of Rs. 400,000. What is the company’s net income if the tax rate is 25% and there are no interest expenses?Rs. 525000Rs. 450000Rs. 500000Rs. 540000