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Home Q & A Board Other Fields Homework Help Business Accounting
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stfajar stfajar
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6 years ago
Coleman, Inc. provides the following data from its income statement for 2017:

Net Sales$560,000
Cost of Goods Sold(160,000)
Gross Profit$400,000

Calculate the gross profit percentage. (Round your answer to two decimal places.)
A) 25.00%
B) 71.43%
C) 100.00%
D) 28.57%
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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Stevea26Stevea26
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#1
6 years ago
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stfajar Author
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#2
6 years ago
White Checkmark
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#3
6 years ago
...I assume it was right Smiling Face with Open Mouth
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