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Calculate the gross profit percentage for both companies

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Reference no: EM133170839

Question - Zienart Pharmaceuticals reported Net Sales of $180,000 and Cost of Goods Sold of $59,000. Candy Electronics Corporation reported Net Sales of $38,000 and Cost of Goods Sold of $27,800.

Required -

1. Calculate the gross profit percentage for both companies.

2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold?

Reference no: EM133170839

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