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16) Coleman, Inc. provides the following data from its income statement for 2017: Net Sales $500,000 200 ost of Goods Sold Gross Profit Calculate the

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16) Coleman, Inc. provides the following data from its income statement for 2017: Net Sales $500,000 200 ost of Goods Sold Gross Profit Calculate the gross profit percentage. (Round your answer to two decimal places.) A) 150.00% B) 60.00% C) 100.00% D) 40.00%

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