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Danby, Inc. provides the following data from its income statement for 2024: Net Sales $520,000 Cost of Goods Sold (200,000) Gross Profit $320,000 Calculate the

Danby, Inc. provides the following data from its income statement for 2024: Net Sales $520,000 Cost of Goods Sold (200,000) Gross Profit $320,000 Calculate the gross profit percentage. (Round your answer to two decimal places.) A. 16% B. 100% OC. 38.46% OD. 61.54%

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