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During the current year merchandise is sold for exist4, 885,000. The cost of the merchandise sold is exist3, 028, 700. a. What is the amount

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During the current year merchandise is sold for exist4, 885,000. The cost of the merchandise sold is exist3, 028, 700. a. What is the amount of the gross profit? exist b. Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number. c. When will the income statement report net income

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