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What is Eagle gross profit percentage

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Problem - Eagle Company had a $26,000 beginning inventory and a $29,000 ending inventory. Net sales were $153,000; purchases, $78,000; purchase returns and allowances, $3,000; and freight in, $7,000. Cost of goods sold for the period is $79,000. What is Eagle gross profit percentage (rounded to the nearest percentage)?

Reference no: EM132456504

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