hliles2681 hliles2681
  • 08-08-2024
  • Business
Answered

Acme Company reports sales revenue of $160,000, an average sale period of 50 days, and an average inventory balance of $12,000. What is Acme’s gross margin percentage? Round to the nearest whole percent.
- 42.7%
- 45.3%
- 48.1%
- 51.9%



Answer :

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