Relationship between gross margin and net income, Accounting Basics

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Relationship between gross margin and net income

What is the relationship between gross margin and net income?

Gross Margin - Merchandise Inventory at the end of the period = Net Income

Gross Margin - Selling and Administrative Expenses = Net Income

Gross Margin + Selling and Administrative Expenses = Net income

Sales Revenue x Gross Margin Percentage= Net Income

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Accounting Basics: Relationship between gross margin and net income

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Recent Questions Asked Accounting Basics

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Accounting Basics: Relationship between gross margin and net income

Reference No:- TGS0520958

Recent Questions Asked Accounting Basics

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