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Sheffield's owners expect all of the company's products to generate a minimum 5 2 % gross margin. Prepare partial income statements for each product and

Sheffield's owners expect all of the company's products to generate a minimum 52% gross margin. Prepare partial income statements for each product and for the company overall, assuming all of the products produced are sold. Comment on whether these two products satisfy that expectation. (Round gross margin percentage to 1 decimal place, e.8.15.2%.)
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