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Consider the following information regarding the operations of Owen Glass Company's South division for last year: Sales $ 7,000,000 Cost...

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Advance Math

  1. Consider the following information regarding the operations ofOwen Glass Company's South division for last year:

Sales

$

7,000,000

Cost of goods sold

3,200,000

Allocated corporateoverhead

250,000

Administrativecosts

820,000

General costs

500,000

Tax rate

45

%

What is the division'sgross margin percentage?

Answer & Explanation Solved by verified expert
4.4 Ratings (686 Votes)
The Gross Margin Ratio also known as the gross profitmargin ratio is a    See Answer
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