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Home Q & A Board Other Fields Homework Help Business Accounting
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nurse15 nurse15
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A year ago
The following financial statement items are shown for J&T Manufacturing.

Net sales$840,000
Cost of goods sold360,000
Insurance expense28,000
Total operating expenses120,000
Net income56,000
Calculate the common-size percentage for gross margin.

▸ 57.1%

▸ 0.8%

▸ 42.8%

▸ 11.6%
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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ordinarykathyordinarykathy
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A year ago
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