A. Hillary Swank Clothiers had sales of $360,000 and cost of goods sold of $244,800. What is the gross profit margin (ratio of gross profit to sales)?
b. If the average firm in the clothing industry had a gross profit of 35 percent how is the firm doing?© BrainMass Inc. brainmass.com March 4, 2021, 7:47 pm ad1c9bdddf
The gross profit margin (ratio of gross profit to sales)= Gross ...
Gross profit is calculated.