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Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31:
Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: 2-a. What was the dollar amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: 3. Did the gross profit percentage in the current year improve, or decline, relative to the 37% gross profit percentage in the prior year? Improve Decline 1. Prepare a multistep income statement for external reporting purposes
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