Gross margin is equal to: Sales Revenue minus Cost of Goods Available for Sale. The...
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Accounting
Gross margin is equal to:
Sales Revenue minus Cost of Goods Available for Sale.
The balance in Merchandise Inventory at the beginning of the period plus the amount of inventory purchased during the year.
Sales Revenue minus Cost of Goods Sold.
Sales Revenue divided by the balance in Merchandise Inventory at the end of the period.
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