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Wolverine World Wide, Inc., prides itself as being the worlds leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for
Wolverine World Wide, Inc., prides itself as being the worlds leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for the third quarter of 2016: Net Sales $ 1,584 Income Tax Expense 36 Dividends 19 Salaries and Wages Expense 503 Cost of Goods Sold 973 Interest Expense 35 2-a. How much was the gross profit? (Enter your answer in millions.) 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)
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