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Assume ABC Company has the following information for its multi - step income statement. Net sales revenue $ 1 1 , 0 0 0 Cost

Assume ABC Company has the following information for its multi-step income statement.
Net sales revenue
$11,000
Cost of goods sold
4,400
Interest expense
500
Salaries expense
700
Rent expense
300
What is the amount of Gross Margin?

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