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The Following Income Statement Information Is for Sadie Company:Sales$175,000Cost of Goods

Question 179

Multiple Choice

The following income statement information is for Sadie Company:Sales$175,000Cost of goods sold115,000Gross profit$ 60,000​Using vertical analysis of the income statement for Sadie Company, determine the gross profit margin.


A) 100%
B) 66.5%
C) 34.3%
D) 29.4%

Correct Answer:

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