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Calculate the gross profit percentage for both companies

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Reference no: EM133188000

Question - Ziehart Pharmaceuticals reported Net Sales of $194,000 and Cost of Goods Sold of $66,100. Candy Electronics Corporation reported Net Sales of $52,000 and Cost of Goods Sold of $39,000.

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: EM133188000

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