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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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