Alex Enterprises reports the following information on its year-end income statement Net Sales.. $190,000 Operating...
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Alex Enterprises reports the following information on its year-end income statement Net Sales.. $190,000 Operating expense.. $20,000 Cost of goods sold. 130,000 Other income 10,000 Required: a. Calculate Alexs (1) Gross Profit Percentage and Return on Sales ratio (Grading: 5% each) (1) Gross Profit Percentage (2) Return on Sales ratio
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