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Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for Year 2. Net sales Cost of goods sold Interest
Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for Year 2. Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 Year 1 $479,000 $426,350 276,400 250,220 9,800 10,800 67,350 52,780 46,150 40,000 317,300 288,600 180,900 167,400 136,400 121,200 Multiple Choice 16.7% 33.8% 14.1% 11.7% 9.6%
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