Solved: Calculate dobbys net profit margin ratio round your answer, Accounting Basics

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Calculate dobbys net profit margin ratio round your answer

Dobby's statement of earnings lists net sales of $179,000 and a gross margin of $111,000. All other expenses not included in the gross margin totalled $46,500.

Required:

1. Calculate Dobby's gross profit ratio. Round your answer to the nearest whole percent.

2. Calculate Dobby's net profit margin ratio. Round your answer to the nearest whole percent.

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Accounting Basics: Calculate dobbys net profit margin ratio round your answer

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Accounting Basics: Calculate dobbys net profit margin ratio round your answer

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