Efficiency ratio: Ellicott City Manufacturers, Inc., has sales of $6,344,210, and a gross profit margin of 67.3 percent. What is the firm's cost of goods sold?
A) $2,074,557
B) $2,745,640
C) $274,560
D) None of the above
Answer: A
Efficiency ratio: Ellicott City Manufacturers, Inc., has sales of $6,344,210, and a gross profit margin of 67.3 percent. What is the firm's cost of goods sold?
A) $2,074,557
B) $2,745,640
C) $274,560
D) None of the above
Answer: A
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