Question
Lundberg Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. The market price of
Lundberg Corporation's most recent balance sheet and income statement appear below: |
Dividends on common stock during Year 2 totaled $40 thousand. The market price of common stock at the end of Year 2 was $9.27 per share. |
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a. | Compute the gross margin percentage for Year 2.(Round your answer to 1 decimal place. Omit the "%" sign in your response.) Gross Margin Percentage: %
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