Betty Boop Corp 2008 financial statements showed the following statement:
Sales Revenue $900,000
Cost of Goods Sold: $770,000
Beginning Inventory $56,000
Ending Inventory $70,000
What was the company's gross profit percentage for 2008?© BrainMass Inc. brainmass.com June 4, 2020, 12:30 am ad1c9bdddf
The solution explains how to calculate gross profit percentage. A company's gross profit percentage for 2008 is examined.