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usha usha
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9 months ago

Sapien Corporation has provided the following data for the most recent year:

Sales$ 1,340,000
Gross margin$ 460,000
Net operating income$ 54,846
Net income before taxes$ 41,846
Net income$ 27,200

The company’s gross margin percentage is closest to:



▸ 52.3%

▸ 1691.2%

▸ 5.9%

▸ 34.3%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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Gab27Gab27
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9 months ago
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usha Author
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9 months ago
You make an excellent tutor!
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Just got PERFECT on my quiz
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Brilliant
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