Multiple Choice
Delmont Movers has a profit margin of 6.2 percent and net income of $48,900.What is the common-size percentage for the cost of goods sold if that expense amounted to $379,000 for the year?
A) 12.90 percent
B) 23.50 percent
C) 33.25 percent
D) 41.06 percent
E) 48.05 percent
Correct Answer:
Verified
Correct Answer:
Verified
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