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What is the common-size percentage for the cost of sales

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Question - Given the following data: sales $1,500,000; gross profit $640,000; net income $40,000 and income tax expense $35,000. What is the common-size percentage for the cost of sales?

a. 3.0%

b. 37.7%

c. 42.7%

d. 57.3%

Reference no: EM132517145

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