A company's gross profit was $118,350 and its net sales were $466,300. its gross margin ratio equals:

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asked Aug 9, 2020 7.8k views

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Ben Thul · Answer 1 · 2020-08-13T08:11:10+0000

The gross margin ratio is a percentage resulting from dividing the amount of a company's gross profit by the amount of its net sales. In this case it would be 118,350/466,300 = 25.38%

A company's gross profit was $118,350 and its net sales were $466,300. its gross margin ratio equals:

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