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    Financial Accounting Study Set 24
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
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    In 2013, C Co
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In 2013, C Co

Question 106

Question 106

Multiple Choice

In 2013, C Co. reported net sales revenues of $19.8 billion and cost of goods sold for $6.0 billion. What was their gross profit percentage for 2013?


A) 30.3%
B) 76.74%
C) 43.5%
D) 69.7%

Correct Answer:

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