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Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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![Sales for Strength Corp are $725,000, cost of
goods sold are $543,000, and interest
expenses are $23,000. What is the gross profit
margin? The gross profit margin is
A. 25.1%
B. 24.3%
C. 25.8%
D. 21.9%
E. 23.2%](https://content.bartleby.com/qna-images/question/d4128a51-fc11-422f-9cce-1e3dd7e20f55/d26a650a-d781-4c26-b7ef-54c3d48a6123/bzk68y8_thumbnail.jpeg)
Transcribed Image Text:Sales for Strength Corp are $725,000, cost of
goods sold are $543,000, and interest
expenses are $23,000. What is the gross profit
margin? The gross profit margin is
A. 25.1%
B. 24.3%
C. 25.8%
D. 21.9%
E. 23.2%
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