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Barney Corporation reported the following figures for their year ending December 31, 2019: Gross profit: 538,000 Cost of goods sold: 453,000 Net income: 230,000 Using
Barney Corporation reported the following figures for their year ending December 31, 2019:
- Gross profit: 538,000
- Cost of goods sold: 453,000
- Net income: 230,000
Using the data above, calculate Barney Corps 2019 Gross Profit Margin.
- 54.3%
- 45.7%
- 42.8%
- 23.2%
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
