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How is gross margin or gross profit calculated on a merchandizing company income statement?<\/p>", "transcribed_text": "", "related_book": { "title": "Global Strategy", "isbn": "0357512367, 978-0357512364", "edition": "5th Edition", "authors": "Mike W. Peng", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649592eaa157d_32303.jpg", "uri": "\/textbooks\/global-strategy-5th-edition-9780357512364", "see_more_uri": "" }, "free_related_book": { "isbn": "183996104X", "uri": "\/textbooks\/fa2-managing-financial-records-study-text-1st-edition-978-1839961045-258706", "name": "Fa2 Managing Financial Records Study Text", "edition": "1st Edition" }, "question_posted": "2024-06-28 03:48:30", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/refer-to-exercise-in-exercise-barrick-gold-abx-bombardier-bbdb", "description": "Refer to Exercise. 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