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The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets Total Assets Cost of Goods Sold Gross

The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets Total Assets Cost of Goods Sold Gross Profit Net Income $412,000 907,000 667,000 217,000 137,000 The gross profit percentage for the current year rounded to the nearest whole percent is closest to: Multiple Choice 25% 63% 75% 30%

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