单选题
A firm' s financial statements reflect the following information:
A、
Beginning inventory
B、
$ 3200000
C、
Purchase during the year
D、
$1700000
E、
Ending inventory
F、
$ 2100000
G、
Sales
H、
$ 4800000
I、
Gross profit margin
J
【正确答案】
A
【答案解析】
First we can determine the COGS by : COGS = beginning inventory + purchases - ending inventory = $ 2800000. Then, gross profit margin = ( sales - COGS)/sales =0.42.
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