Class Notes (836,839)
Canada (509,920)
Langara College (1,809)
FMGT 1116 (41)
E.Hamer (38)
Lecture

Gross Profit Margin and Periodic Inventory System.docx

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Department
Financial Management
Course
FMGT 1116
Professor
E.Hamer
Semester
Summer

Description
Gross Profit Margin and Periodic Inventory System Gross Profit Margin  calculated by dividing gross profit by net sales  the net sales excluding the cost of goods and the services that are sold to the customers  a ratio  PURPOSE:  to compare current gross profit with amounts from previous time periods  gross profit is important  the measure of a merchandising company’s profit before company operating fe
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