Gross profit ratio = 25%; what does this mean?
Answer: 25% of net sales is gross profit, the remaining 75% is COGS or for every dollar 25 cents is gross profit and 75 cents is COGS.
Gross profit ratio = 25%; what does this mean?
Answer: 25% of net sales is gross profit, the remaining 75% is COGS or for every dollar 25 cents is gross profit and 75 cents is COGS.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.