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Guynn Corporation's Most Recent Balance Sheet and Income Statement Appear

Question 113

Multiple Choice

Guynn Corporation's most recent balance sheet and income statement appear below: Guynn Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $10 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.05 per share. -The gross margin percentage for Year 2 is closest to: A) 1054.5% B) 45.3% C) 82.9% D) 9.5% Guynn Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $10 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.05 per share. -The gross margin percentage for Year 2 is closest to: A) 1054.5% B) 45.3% C) 82.9% D) 9.5% Dividends on common stock during Year 2 totaled $10 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.05 per share.
-The gross margin percentage for Year 2 is closest to:


A) 1054.5%
B) 45.3%
C) 82.9%
D) 9.5%

Correct Answer:

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