B- What is the Gross Margin %? 

CVB Corporation, a Delaware Corporation, for the year ended December 31, 20XX:

 Cost of Goods Sold 600,000 Purchased patents 50,000 Sales Returns 28,000 Sales 1,505,000 Allowance for Doubtful Accounts 60,000 Trademarks 15,000 Sales and marketing expenses 210,000 Accounts Payable 65,000 Engineering Expenses 315,000 Contributed Capital 300,000 G&A Expenses 160,000 Goodwill 150,000 Sales Discounts 20,000 Sales Tax Payable 5,000 Interest Expense 32,000 Tax rate 35% Loss on disposal of equipment 10,000 Copyrights 30,000 Wages payable 100,000 Losses on division scheduled for closing 100,000 before tax. There are 500,000 average common shares outstanding and 100,000 equivalent shares.