1. T. R roofing manufacturing company's beginning inventory on January 1 was $1,463,850. The costs of the goods it produced durin the year was $3,828. It's ending inventory on December was $1,463,850.
What was the cost of goods sold for the year???
2. Thompson tool net sales of $760,110 and net income of $ 189,300 last year. What was Thompsons profit margin, to the nearerest tenth percent????
What was the cost of goods sold for the year???
2. Thompson tool net sales of $760,110 and net income of $ 189,300 last year. What was Thompsons profit margin, to the nearerest tenth percent????
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1.- the cost of goods sold for the year=$3,828
2.- Thompsons profit margin=(189300/760110)(100)
=24.9%
2.- Thompsons profit margin=(189300/760110)(100)
=24.9%