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    Financial Accounting Study Set 31
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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 61

Question 61

Multiple Choice

Financial information is presented below: Financial information is presented below:   The gross profit rate would be A) .347. B) .397. C) .473. D) .542. The gross profit rate would be


A) .347.
B) .397.
C) .473.
D) .542.

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