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Gonzalez Company is preparing their financial statements. Information taken from the company's records revealed Sales of $40,000, Cost of Goods Sold of $25,000 and General

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Gonzalez Company is preparing their financial statements. Information taken from the company's records revealed Sales of $40,000, Cost of Goods Sold of $25,000 and General Operating Expenses of $5,000. What is the Gross Margin/Profit of Gonzalez? $15,000 $10,000 $35,000 None of the above

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