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Posted on Jul 16, 2024

If the sales account balance on the income statement is $ 2 0 0 , 0 0 0 , and total cost of goods sold

If the sales account balance on the income statement is $

200, 000,

and total cost of goods sold is $

150, 000,

using vertical analysis determine the percentage for gross profit.

THE ANSWERS STATES IT IS

75 %

BUT I CAN'T GET THAT, THX

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