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Use the Following Selected 2019 Balance Sheet and Income Statement

Question 10

Multiple Choice

Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply Co. (in millions) to compute the gross profit percentage to the nearest hundredth of a percent. Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply Co. (in millions)  to compute the gross profit percentage to the nearest hundredth of a percent.   A)  4.42% B)  8.56% C)  28.76% D)  44.26%


A) 4.42%
B) 8.56%
C) 28.76%
D) 44.26%

Correct Answer:

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