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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%

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%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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The gross profit margin is?

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%
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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