RATIO ANALYSIS
The following information pertains to Cobb Corporation's financial results for the past year.
|
Net sales
|
$100,000
|
|
CGS
|
35,000
|
|
Other expenses
|
12,000
|
|
Net income
|
53,000
|
Required:
1. Calculate Cobb's gross profit ratio.
2. Calculate Cobb's net profit margin ratio.