Post Utme Caleb University 2017 Accounting Question 34
Practice objective / multiple choice question 34 from the 2017 Post Utme Caleb University Accounting examination.
A company's income statement for the year ended December 31, 2022, shows the following: Sales ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000, Operating Expenses ₦100,000, and Net Profit ₦100,000. What is the gross profit margin?
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About This Question
This is Post Utme Caleb University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.
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