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    Financial Accounting Study Set 30
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    In 20X3, C Co
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In 20X3, C Co

Question 146

Question 146

Multiple Choice

In 20X3, 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 20X3?


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

Correct Answer:

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