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Current Attempt in Progress Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit margin rounded to the nearest percentage is O 40%. O 43%. O 21%. O 19%.

Current Attempt in Progress Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit margin rounded to the nearest percentage is O 40%. O 43%. O 21%. O 19%.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit margin rounded to the nearest percentage is 40%. 43%. 21%. O 19%.
Transcribed Image Text:Current Attempt in Progress Tamarisk Manufacturing has net sales of $160000, cost of goods sold of $96000, and operating expenses of $30000. The gross profit margin rounded to the nearest percentage is 40%. 43%. 21%. O 19%.
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