Corporation gross margin as a percentage of sales, Accounting Basics

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Corporation gross margin as a percentage of sales

Last year's financial data from Campbell Corporation is shown below:

Sales $280,000
Cost of goods sold $126,000
Dividends declared and paid $15,000
Interest expense $17,500
Operating expenses $39,500

The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales?

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Accounting Basics: Corporation gross margin as a percentage of sales

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Recent Questions Asked Accounting Basics

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Accounting Basics: Corporation gross margin as a percentage of sales

Reference No:- TGS053445

Recent Questions Asked Accounting Basics

Q : Amortizing bond issue costs

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Q : Scott equipment organization case study

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