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Suzuki Company lost all of its inventory in a fire on December 26, 2015. The accounting records showed the following gross profit data for November
Suzuki Company lost all of its inventory in a fire on December 26, 2015. The accounting records showed the following gross profit data for November and December. Suzuki is fully insured for fire losses but must prepare a report for the insurance company. Compute the gross profit rate for November. (Round answer to 1 decimal place, e.g. 25.5%.)
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