- Question 5 Of 7 X Your Answer Is Incorrect Gross Profit Margin Calculate The Gross Profit Margin For Tamarisk For 202 1 (22.9 KiB) Viewed 8 times
- Question 5 Of 7 X Your Answer Is Incorrect Gross Profit Margin Calculate The Gross Profit Margin For Tamarisk For 202 2 (30.19 KiB) Viewed 8 times
- Question 5 Of 7 X Your Answer Is Incorrect Gross Profit Margin Calculate The Gross Profit Margin For Tamarisk For 202 3 (31.7 KiB) Viewed 8 times
Question 5 of 7 < x Your answer is incorrect. Calculate the profit margin for Tamarisk for 2021 and 2020. (Round answers to 1 decimal place, e.g. 52.7%) Profit margin eTextbook and Media 2021 2020 preation M % 1 st Wunde Apw TV Hind 5.5/10 !
5.5/10 Tamarisk Merchants reported the following on its income statement for the fiscal year ended December 31, 2021 and 2020. Sales Cost of goods sold Beginning inventory Net purchases Ending inventory Cost of goods sold Gross profit Operating expenses Profit 2021 $495,160 145,780 346,090 (138,874) 352,996 142.164 87,568 $54,596 2020 $475,490 154,124 322,660 (145,780) 331,004 144,486 89,168 $55,318 1