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Gross profit percentage Consider the following financial statement information for Hi-Tech Instruments: *Common stock: $25 par value, 3,600,000 shares outstanding. Calculate the company's gross profit

Gross profit percentage Consider the following financial statement information for Hi-Tech Instruments: *Common stock: $25 par value, 3,600,000 shares outstanding. Calculate the company's gross profit percentage for the current year. Round answer to one decimal place (ex: 0.34555=34.6% ). 9

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