Do Homework-Erin Mack Google Chrome Secure https www.matholcorn Student/playerHo

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Do Homework-Erin Mack Google Chrome Secure https www.matholcorn Student/playerHomeworkasprhorneworkld.4647 Aquestionld.18flushed-false cld.4838869acenterwin.yes AC 231 ON (Onlino) Spring 2o18 Homework: Chapter 5 Homework Score: 0 of 5 pts S5-12 (similar to) 4of6(0 comploto) Miler Landscape Supply's selected accounts as of December 31, 2018 ollow mlClick the icon to view the accounts and balances) Compute the gross proit percontage for 2018 Begin by select the kermda labels 5compune te gross proit percetage then erte' te amoures and comptthe goss prom percentage our d your answ" so th" nearestlinh of a preen, XX% Gross profs Data Tablo Selling Expenses Interest Revenue Not Sales Revenue Cost of Geods Sold Administrative Expense 13,700 400 134,000 13,000 9,600 Print Done

Explanation / Answer

Gross Profit % = Gross Profit / Net sales

Gross Profit = $134,000 - $113,000 = $21,000

Gross Profit % = $21,000 / $134,000 = 15.7%

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