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1) Coleman, Inc. provides the following data from its Income statement for 2017: 1) Net Sales Cost of Goods Sold $510,000 (170.000) $340,000 Gross Profit

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1) Coleman, Inc. provides the following data from its Income statement for 2017: 1) Net Sales Cost of Goods Sold $510,000 (170.000) $340,000 Gross Profit Calculate the gross profit percentage. (Round your answer to two decimal places.) A) 66.67% B) 100.00% C) 33.33% D) 20.00% 2) Shelcal, Inc. provides the following data for the year 2017: 2) Sales Revenue Sales Returns and Allowances Sales Discounts Net Sales Revenue Cost of Goods Sold $410,000 1,000 1 830 408,170 255,000 (Round your answer to The cost of goods sold as a percentage of net sales revenue is two decimal places.) A) 62.76% B) 62.47% C) 62.63% D) 62.20%

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