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    Fundamentals of Financial Accounting Study Set 2
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    Exam 13: Measuring and Evaluating Financial Performance
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    Company X Has Net Sales Revenue of $780,000,cost of Goods
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Company X Has Net Sales Revenue of $780,000,cost of Goods

Question 19

Question 19

Multiple Choice

Company X has net sales revenue of $780,000,cost of goods sold of $343,200,and all other expenses of $327,600.The gross profit percentage is:


A) 32%
B) 56%
C) 86%
D) 14%

Correct Answer:

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