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Determining gross profit During the current year, merchandise is sold for $ 8 8 6 , 0 0 0 . The cost of the goods
Determining gross profit
During the current year, merchandise is sold for $ The cost of the goods sold is $
a What is the amount of the gross profit?
fill in the blank of $
b Compute the gross profit percentage gross profit divided by sales
fill in the blank of
c Will the income statement always report an operating income?
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