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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 $397,000 892,000 652,000 202,000 122,000 The gross profit percentage for the current year rounded to the nearest whole percent is closest to: Multiple Choice 31% 60% 24% 76%

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