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Chapter 12 Exploration 12.3a - Gross Profit Ratio (05) Goal: Learn to...

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Accounting

Chapter 12
Exploration 12.3a - Gross Profit Ratio (05)
Goal: Learn to calculate the gross profit ratio.
Instructions: You are given several values that might appear on a financial statement. Use these to calculate the gross profit ratio.
Correct Spelling is vital! Moodle is brutal! Consult the Chart of Accounts for help here.
If there are more than one debit or credit the account names must be in alphabetical order.
Do not include the $ sign in your answers.
Your answers must be correct to exactly 2 decimal places.
Do not include the, indicating thousands in your answers.
Do not include a % sign in your answer.
Date Column: Enter the date in the form MMM DD, e.g. January 3 would be entered as Jan 3
\table[[Sales,144,500],[Cost of Goods Sold,130,700]]
Gross Profit Ratio
Rounded to 2 decimal places.
Do not include a % sign in your answer.
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