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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 Op
The comparative financial statements of Seward, Inc. Include the following data: Current Year Prior Year Income Statement Net Sales Revenue Cost of Goods Sold Op $142,000 61,000 40,200 4,700 6,200 29,900 $112,000 53,000 33, 200 4,700 5,200 15,900 erating 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 127,000 110,000 51,000 49,000 137,000 237,000 107,000 117,000 44,000 49,000 131,000 224,000 The gross profit percentage for the current year is closest to: Multiple Cholce 42.96% 21.06% 14.20% 5704%
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