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The following information is taken from the financial statements of a company for the current year: Current assets $411,000 Total assets 906,000 Cost of good

The following information is taken from the financial statements of a company for the current year:

Current assets $411,000 Total assets 906,000 Cost of good sold 666,000 Gross Profit 216,000 Net income 136,000 2.value:

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%

15%

63%

Cannot be determined

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