Question
The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets $ 405,000 Total Assets 900,000 Cost of
The following information is taken from the financial statements of Clybourn Company for the current year:
| Current Assets | $ | 405,000 | ||
| Total Assets | 900,000 | |||
| Cost of Goods Sold | 660,000 | |||
| Gross Profit | 210,000 | |||
| Net Income | 130,000 | |||
The gross profit percentage for the current year rounded to the nearest whole percent is closest to:
Multiple Choice
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76%
-
62%
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31%
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24%
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The Training And Development Audit
Authors: Rosemary Harrison
2nd Edition
0955970725, 978-0955970726
