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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

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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 Profit Net Income $412,000 907,000 667,000 217,000 137,000 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? Multiple Choice 63% 15% Cannot be determined 100%

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