Compute the gross margin considering the following information from Kelly's Kandles. Sales $133,200 Selling Expenses 13,500 General and Administrative 16,100 Expenses Net income before tax 49,700 Net income 40,100

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Chapter2: Financial Statements, Cash Flow,and Taxes
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Compute the gross margin considering
the following information from Kelly's
Kandles.
Sales
$133,200
Selling Expenses
13,500
General and Administrative
16,100
Expenses
Net income before tax
49,700
Net income
40,100
Transcribed Image Text:Compute the gross margin considering the following information from Kelly's Kandles. Sales $133,200 Selling Expenses 13,500 General and Administrative 16,100 Expenses Net income before tax 49,700 Net income 40,100
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