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The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue Cost of Goods Sold Operating
The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year 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 $138,000 $108,000 51,000 32,800 4,300 4,800 15,100 59,000 39,800 4,300 5,800 29,100 123,000 106,000 49,000 47,000 133,000 229,000 103,000 113,000 42,000 47,000 127,000 216,000 The gross profit percentage for the current year is closest to: The gross profit percentage for the current year is closest to: Multiple Choice 5725% 14.00% 21.09% 42.75%
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