Gross profit ratio is computed by dividing gross profit by:Group of answer choicesfinancial expenses.cost of sales.net sales.operating expenses.
Question
Solution 1
The Gross Profit Ratio is computed by dividing Gross Profit by:
Net Sales.
Here's why:
Gross Profit is calculated by subtracting the Cost of Goods Sold (COGS) from Net Sales.
The Gross Profit Ratio is a profitability ratio that shows the proportion of money left over from revenues after a Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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