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A Inc. had the following results for 2020 Sales 1940000 Accounts receivable 10000Cost of sales 318000 Net income 90000 Calculate A Inc.'s gross profit percentage

A Inc. had the following results for 2020

Sales 1940000

Accounts receivable 10000Cost of sales 318000

Net income 90000

Calculate A Inc.'s gross profit percentage for 2020.

State youranswer as a percentage and round to two decimal places.

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