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    Fundamentals of Financial Accounting Study Set 3
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    Exam 6: Merchandising Operations and the Multistep Income Statement
  5. Question
    The Gross Profit Percentage Is Computed by Dividing Operating Income
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The Gross Profit Percentage Is Computed by Dividing Operating Income

Question 92

Question 92

True/False

The gross profit percentage is computed by dividing operating income by net sales.
BT: Knowledge

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