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In: Accounting

Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2013 and 2012.

Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2013 and 2012.

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Expert Solution

Calculate the gross profit margin for Arlington for 2012 and 2013. 

 

 
  Gross Profit Margin            
                   
2012   32.6%              
2013   32.7%              
Working:                  
                   
Gross Profit Margin = Gross Profit/Sales          
                   
                   
So Gross profit for:                
                   
2012 = $       15,51,600 / $       47,54,000 = 32.6%      
2013 = $       15,86,350 / $       48,53,100 = 32.7%    

32.7%

Junaid answered 1 year ago
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