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    Horngrens Accounting Study Set 2
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    Exam 5: Merchandising Operations and the Accounting Cycle
  5. Question
    The Gross Margin Percentage Is Calculated As
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The Gross Margin Percentage Is Calculated As

Question 14

Question 14

Multiple Choice

The gross margin percentage is calculated as:


A) gross margin minus net sales revenue.
B) gross margin divided by net sales revenue.
C) gross margin plus net sales revenue.
D) gross margin times net sales revenue.

Correct Answer:

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