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Business, 06.04.2020 16:59 yedida

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Northview Company as they appear on the company’s adjusted trial balance.
Accounts Payable $ 12,000
Accounts Receivable 22,000
Inventory 22,200
Advertising Expense 17,500
Cost of Goods Sold 133,000
Delivery Expense 7,100
Income Tax Expense 4,000
Insurance Expense 1,000
Rent Expense 16,400
Sales Revenue 270,000
Sales Discounts 9,900
Sales Returns & Allowances 35,500
Required:
A) The gross profit percentage would be closest to .

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