Chapter 8 Homework 8-33 Drug Sales Drug COGS Gross Margin Sales Gross Margin % of Drug Sales to Total Sales Industry Gross Profit % for Drugs and Related Products 2011 5,126 3,045 2,081 14,211 14.6% 32.7% 2010 5,051 2,919 2,132 12,916 16.5% 32.9% 2009 4,821 2,791 2,030 11,462 17.7% 33.0% 2008 4,619 2,665 1,954 10,351 18.9% 33.2% a. Both of Adams’ explanations are correct, the industry gross profit percent has declined steadily over the past years. Drug sales have also steadily declined as a percentage…
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