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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 $414,000 909,000 669,000 219,000 139,000 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? Multiple Choice 30% O 21% 25% 75%

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