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If Gross Profit Is $500,000, Interest Expense Is $200,000, Sales

Question 44

Multiple Choice

If gross profit is $500,000, interest expense is $200,000, sales is $1,900,000 and total assets are $5,400,000, calculate the gross profit margin.

A) 6.3%.
B) 18.9%.
C) 26.3%.
D) 10%.

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