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Gross Profit: Gross Profit %: Did the gross profit percentage in the current year improve, or decline, relative to the 37% gross profit percentage in

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Gross Profit:

Gross Profit %:

Did the gross profit percentage in the current year improve, or decline, relative to the 37% gross profit percentage in the prior year?

Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: 1. Prepare a multistep income statement for external reporting purposes

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