Business
Business, 26.09.2019 17:30, emanuel323

The following income statements were drawn from the annual reports of the denver company and the reno company: denver* reno* net sales $ 33,200 $ 86,900 cost of goods sold (15,440 ) (63,050 ) gross margin 17,760 23,850 less: operating exp. selling and admin. exp. (11,760 ) (15,348 ) net income $ 6,000 $ 8,502 *all figures are reported in thousands of dollars. required a-1. compute the gross margin percentages and return-on-sales ratios of denver and reno. (round your answers to the nearest whole number.)

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The following income statements were drawn from the annual reports of the denver company and the ren...

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