A company's gross profit (or gross margin) was $110,180 and its net sales were $439,300. Its gross margin ratio is: A. 74.9%. B. 8.4%. C. $110,180.00 D. 25.1%. E. $329,120.00

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ewomazinoade ewomazinoade · Answer 1 · 2021-07-12T02:03:27+02:00

Answer:

D

Explanation:

Gross profit margin is an example of a profitability ratio.

profitability ratios measures the efficiency with which a company generates profit from its asset

Gross profit margin measures the return on sales

Gross profit margin = gross profit / net sales

$110,180 / $439,300 = 25.1%

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