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eBook Show Me How Calculator Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000.

eBook Show Me How Calculator Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000. a. What is the amount of the gross profit? b. Compute the gross profit percentage (gross proft divided by sales). Round to the nearest whole number. c. When wil the income statement report net income

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