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Income Statement Information for Lucy Company Is Provided Below

Question 76

Multiple Choice

Income statement information for Lucy Company is provided below: Income statement information for Lucy Company is provided below: Using vertical analysis of the income statement for Lucy Company, determine the gross profit margin. A) 100% B) 70% C) 40% D) 60% Using vertical analysis of the income statement for Lucy Company, determine the gross profit margin.


A) 100%
B) 70%
C) 40%
D) 60%

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