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11) (4 Points - Chapter 3) Company XYZ has $250,000 of Sales, $100,000 of gross profit, $50,000 of operating expenses, and $25,000 of interest expense.

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11) (4 Points - Chapter 3) Company XYZ has $250,000 of Sales, $100,000 of gross profit, $50,000 of operating expenses, and $25,000 of interest expense. What is the Company XYZ's gross profit margin? a. 10% b. 20% C. 40% d. Impossible to tell without knowing the income tax rate

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