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The following information is taken from the financial statements of a company for the current year: Current assets $406,000 Total assets 901,000 Cost of good

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

Current assets $406,000
Total assets 901,000
Cost of good sold 661,000
Gross Profit 211,000
Net income

131,000

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?

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