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The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets $ 407,000 Total Assets 902,000 Cost
The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets $ 407,000 Total Assets 902,000 Cost of Goods Sold 662,000 Gross Profit Net Income 212,000 132,000 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% 62% Cannot be determined
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