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    Accounting Principles Study Set 3
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    Exam 5: Accounting for Merchandising Operations
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    Financial Information Is Presented Below: the Gross Profit Rate
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Financial Information Is Presented Below: the Gross Profit Rate

Question 119

Question 119

Multiple Choice

Financial information is presented below: Financial information is presented below:   The gross profit rate would be A)  .535. B)  .489. C)  .511. D)  .553. The gross profit rate would be


A) .535.
B) .489.
C) .511.
D) .553.

Correct Answer:

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