Requirement 2. Calculate the gross profit percentage for June for Hal\'s Shed, I

Question

Requirement 2. Calculate the gross profit percentage for June for Hal's Shed, Inc. Start by determining the formula, then complete the calculation to determine gross profit percentage for the month. (Enter your answer as a percent r Gross profit[Net sales revenue Gross profit percentage 153,750 255,000 60.3 % Requirement 3. What does Hal's Shed, Inc.'s gross profit percentage mean? (Enter the amount to one decimal place, X.x) Hal's Shed, Inc's gross margin percentage means that each dollar ofL ]generates- , cents of that is used to cover and to generate

Explanation / Answer

Requirement 2 Gross profit Persentage for the Month Formula : Gross Profit / net sales revenue   *100   =Gross Profit persentage gross profit persenttage =$153,750/$255,000 *100 =60.3% Requirement 3 What deos Hal's Shed inc gross profit Persentage mean? Hal's Shed inc gross profit Persentage mean that each Dollar of Sales revenue generates 60.3 Cents of Gross profit that is used to cover Operating Expenses and to generate Net Operating income

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