Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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
Transcribed Image Text:Following are selected income statement data from Apple and Dell:
Income Statement
Apple ($)
Dell ($)
Sales
24,006
61,133
Cost of goods sold
15,842
49,462
Gross Profit
8,154 11,671
Total Expenses
4,658
8,724
Net Income
3,496
2,947
Express the gross profit amount as a percentage of the sales amount
for Dell.
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