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Question 1 (of 4) value: 10.00 points Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $196,000 and Cost of Goods

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Question 1 (of 4) value: 10.00 points Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $196,000 and Cost of Goods Sold of $67,200. Candy Electronics Corp. reported Net Sales of $54,000 and Cost of Goods Sold of $40,600 a. Calculate the Gross Profit Percentage for both companies. (Round your answers to 1 decimal place.) Gross Profit Sole Occhiali Group Candy Electronics Corp b. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? O Sole Occhiali Group O Candy Electronics Corp eBook &Resources OType here to search # 2

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