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During the current year, Acme Company reports sales of $368,000 and an average sale period of 50 days. The inventory balance is $44,000 at the
During the current year, Acme Company reports sales of $368,000 and an average sale period of 50 days. The inventory balance is $44,000 at the beginning of the year and $52,000 at the end of the year. What is Acme's gross margin percentage? Round to one decimal place. O 42.8% O 46.1% O 47.6% 52.4 O 54.6%
During the current year, Acme Company reports sales of $368,000 and an average sale period of 50 days. The inventory balance is $44,000 at the beginning of the year and $52,000 at the end of the year. What is Acme's gross margin percentage? Round to one decimal place. O 42.8% O 46.1% O 47.6% 52.4 O 54.6%
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