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All of the following measure a company's profitability except A. Gross Profit Percentage B. Rate of Return on Net Sales C. Acid-Test Ratio D. Operating

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All of the following measure a company's profitability except A. Gross Profit Percentage B. Rate of Return on Net Sales C. Acid-Test Ratio D. Operating Income Percentage Pip Corporation uses horizontal analysis to compare its income statement from year to year compared to the current year: What is the Gross Profit in the current year? A. $210,000 B. $224,700 C. $238,000 D. $231,000

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