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Required information E6-18 Analyzing Gross Profit Percentage on the Basis of an Income Statement [LO 6-6] [The following information applies to the questions displayed below.)
Required information E6-18 Analyzing Gross Profit Percentage on the Basis of an Income Statement [LO 6-6] [The following information applies to the questions displayed below.) Wolverine World Wide, Inc., prides itself as being the "world's leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for the third quarter of 2016: $1,752 Net Sales Income Tax Expense Dividends Salaries and Wages Expense Cost of Goods Sold Interest Expense 22 554 1,084 23 E6-18 Part 2 2-a. How much was the gross profit? (Enter your answer in millions.) 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) million 2-a. 2-b. Gross Profit Gross Profit Percentage
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