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Calculate alex gross profit percentage

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Reference no: EM131700767

Question - Profitability Analysis

Alex Enterprises reports the following information on its year-end income statement:

  • Net Sales $340,000O
  • Expenses $70,000
  • Cost of Goods Sold 180,000
  • Other Income 20,000

Required - Calculate Alex's gross profit percentage and return on sales ratio.

Reference no: EM131700767

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