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Compute the gross profit as a percentage of cost

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Reference no: EM132464165

Companies may express their gross profit as a percentage of net sales or as a percentage of cost of goods sold. The following data are available on two different companies:

  1. Company A gross profit as a percentage of net sales25%
  2. Company B gross profit as a percentage of cost of goods sold65%

?Required:

Question a. Compute the gross profit as a percentage of cost of goods sold for Company A.

Question b. Compute the gross profit as a percentage of net sales for Company B.

Reference no: EM132464165

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