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Accounting
The following information applies to the questions displayed below. The following data were provided by Mystery Incorporated for the year ended December : Cost of Goods Sold $ Income Tax Expense Merchandise Sales gross revenue for Cash Merchandise Sales gross revenue on Credit Office Expense Sales Returns and Allowances Salaries and Wages Expense a What was the dollar amount of gross profit? b What was the gross profit percentage? Round your percentage to decimal place.
The following information applies to the questions displayed below.
The following data were provided by Mystery Incorporated for the year ended December :
Cost of Goods Sold $
Income Tax Expense
Merchandise Sales gross revenue for Cash
Merchandise Sales gross revenue on Credit
Office Expense
Sales Returns and Allowances
Salaries and Wages Expense
a What was the dollar amount of gross profit?
b What was the gross profit percentage? Round your percentage to decimal place.
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