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A Firm Has Net Sales of $35,000,operating Expenses of $6,100,depreciation

Question 36

Multiple Choice

A firm has net sales of $35,000,operating expenses of $6,100,depreciation of $1,700,and cost of goods sold of $18,300.What is the gross margin?

A) 31.1 percent
B) 35.4 percent
C) 47.7 percent
D) 52.9 percent
E) 59.2 percent

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