Solution-Determine the gross profit rates

Determine the gross profit rates

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Reference no: EM132656715

Question - Presented below is financial information for two different companies.

	Carla Vista Company	Martinez Company
Sales revenue	$96,920	$105,990
Sales returns	$7,990	$5,690
Net sales	88,930	100,300
Cost of goods sold	51,800	58,200
Gross profit	37,130	42,100
Operating expenses	17,830	26,700
Net income	19,300	15,400

Required - Determine the gross profit rates.

Reference no: EM132656715

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Determine the gross profit rates

Reference no: EM132656715

Reference no: EM132656715

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