Question details

A. Hillary Swank Clothiers had sales of $444,000 and cost of goods sold of $296,000.
$ 7.00

a. Hillary Swank Clothiers had sales of $444,000 and cost of goods sold of $296,000. What is the gross profit margin (ratio of gross profit to sales)?

b. If the average firm in the clothing industry had a gross profit of 30 percent, how is the firm doing?

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