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Consider the following income statement data for Carla Vista Inc.: 2024 2023 Sales revenue $99400 $88200 Less: Cost of goods sold 47700 55500 Gross
Consider the following income statement data for Carla Vista Inc.: 2024 2023 Sales revenue $99400 $88200 Less: Cost of goods sold 47700 55500 Gross profit 51700 32700 Less: Selling and administration costs 23400 19000 Net Income $28300 $13700 What was the 2024 profit margin closest to? O 23.5% O 52.0% O 15.5% O 28.5%
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
