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During the current year, merchandise is sold for $713,000. The cost of the ooods sold is $427,800. a. What is the amount of the gross

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During the current year, merchandise is sold for $713,000. The cost of the ooods sold is $427,800. a. What is the amount of the gross profit? b. Compute the gross profit percentage (gross profit divided by sales). c. Will the income statement always report a operating income

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