Multiple Choice
Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: 
-Refer to Exhibit 5-2. Compute the gross profit margin for Peace, Love, and Joy Company.
A) 52%
B) 138%
C) 72.5%
D) 143%
Correct Answer:
Verified
Correct Answer:
Verified
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