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[The following information applies to the questions displayed below] the following information is taken from the financial statements of a company foe the current year:

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[The following information applies to the questions displayed below] the following information is taken from the financial statements of a company foe the current year: On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue? 100% 14% 6% Cannot be determined What is the gross profit percentage for the current year (rounded to the nearest whole percent)? 31% 61% 24% 76%On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold? 19% 76% 24% 31%

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