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The following income statement information is for Sadie Company: Sales Cost of goods sold Gross profit $175,000 115,000 $ 60,000 Using vertical analysis of the

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The following income statement information is for Sadie Company: Sales Cost of goods sold Gross profit $175,000 115,000 $ 60,000 Using vertical analysis of the income statement for Sadie Company, determine the gross profit margin. a. 66.5% b. 29.4% c. 34.3% d. 100%

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