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During the current year, merchandise Is sold for $749,000. The cost of the goods 501d15$546,770. a. What is the amount of the gross profit? 3

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During the current year, merchandise Is sold for $749,000. The cost of the goods 501d15$546,770. a. What is the amount of the gross profit? 3 b. Compute the gross pronit percentage (gross profit divided by sales). % c. Will the income statement always report an operating income

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