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Dividends declared and paid 15000 the income tax rate is 35

Question - 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: Dividends declared and paid 15000 the income tax rate is 35

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Accounting Basics: Dividends declared and paid 15000 the income tax rate is 35

Reference No:- TGS02602494

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