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Homework: 5-2 My AccountingLab: Module Five Homework Save Score: 0 of 2 pts 25 of 33 (28 complete) HW Score: 69.33%, 52 of 75 pts
Homework: 5-2 My AccountingLab: Module Five Homework Save Score: 0 of 2 pts 25 of 33 (28 complete) HW Score: 69.33%, 52 of 75 pts X QC6-13 (similar to) Question Help Ace Company had a $26,000 beginning inventory and a $30,000 ending inventory. Net sales were $171,000; purchases, 576,000; purchase returns and allowances, $3,000; and freight in, $9,000. Cost of goods sold for the period is $78,000. What is Ace's gross profit percentage (rounded to the nearest percentage)? O A. 18% O B. 15% OC. 54% OD. 46% Click to select your answer and then click Check Answer. All parts showing Clear All Final Check
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