What is the gross margin for the apparel company

Reference no: EM133610079

Question: Justin works for a private equity company thinking about acquiring a new athletic apparel retail store. He's interested in knowing the company's gross margin, so he tracks down its most recent annual report and finds the following numbers: Total Revenue: $30,000,000 Cost of Goods Sold: $25,000,000 Average Assets: $20,000,000 Net Income: $8,000,000 What is the gross margin for the apparel company?

Reference no: EM133610079

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