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1. which of the following is true of the gross profit percentage? a) gross profit percentage is used to measure the solvency of a company

1. which of the following is true of the gross profit percentage? a) gross profit percentage is used to measure the solvency of a company b) the gross profit percentage is one of the most carefully watched measures of profitability c) gross profit percentage is the same for companies in all industries d) a service company must show its gross profit percentage in its income statement

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