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Given the following data: sales $1580000; gross profit $664000; net income $44600 and income tax expense $35100. What is the common-size percentage for the cost

Given the following data: sales $1580000; gross profit $664000; net income $44600 and income tax expense $35100. What is the common-size percentage for the cost of sales? 2.7% 58.0% 37.0% 42.0%

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