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Consider the following income statement data for Pharoah Inc.: Sales revenue Net Income Less: Cost of goods sold Gross profit Less: Selling and administration costs

Consider the following income statement data for Pharoah Inc.: Sales revenue Net Income Less: Cost of goods sold Gross profit Less: Selling and administration costs 24825 2024 Type here to search $99300 46100 53200 $28375 2023 $88800 55000 33800 18600 The common-size percentage for selling and administration costs in 2024 was $15200 20C

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