In 2002 clanton inc had a gross profit of 27000 on sales of, Financial Management

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In 2002 clanton inc had a gross profit of 27000 on sales of

In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110,000. Clanton's operating expenses for 2002 were $13,000, and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 2002?

a. 0.127 b. 0.325 c. 0.245 d. 0.364

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Financial Management: In 2002 clanton inc had a gross profit of 27000 on sales of

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Financial Management: In 2002 clanton inc had a gross profit of 27000 on sales of

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