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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 4: Accounting for Merchandising Businesses
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    The Following Data Is from the Income Statement of Ralston
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The Following Data Is from the Income Statement of Ralston

Question 90

Question 90

Multiple Choice

The following data is from the income statement of Ralston Company:
The following data is from the income statement of Ralston Company:   What is the company's gross margin percentage? A) 66.67% B) 25.93% C) 60.00% D) 15.60%
What is the company's gross margin percentage?


A) 66.67%
B) 25.93%
C) 60.00%
D) 15.60%

Correct Answer:

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