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The comparative financial statements of a company include the following data: Current Year Prior Year $145,000 62,500 40,500 5,000 6,500 30,500 $115,000 54,500 33,500 5,000
The comparative financial statements of a company include the following data: Current Year Prior Year $145,000 62,500 40,500 5,000 6,500 30,500 $115,000 54,500 33,500 5,000 5,500 16,500 Income Statement Net Sales Revenue Cost of Goods Sold Operating Expenses Interest Expense Income Tax Expense Net Income Balance Sheet Current Assets Plant, Property and Equipment, Net Current Liabilities Long-Term Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity 130,000 113,000 52,500 50,500 140,000 243,000 110,000 120,000 45,500 50,500 134,000 230,000 The gross profit percentage for the current year is closest to: Multiple Choice 430 S6 210
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