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9) Victory Stables had seles and cost of sales of $600,000 and $450,000 respectively in 20XX. The company had shareholders; equity of $750,000 and its

9) Victory Stables had seles and cost of sales of $600,000 and $450,000 respectively in 20XX. The company had shareholders; equity of $750,000 and its assets were 51,125,000. Calculate the company's gross profit and gross profit percentage for 20XX

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