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Calculate A Inc gross profit percentage

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Reference no: EM132612786

A Inc. had the following results for 2020

Sales 1940000

Accounts receivable 10000

Cost of sales 318000

Net income 90000

Question 1: Calculate A Inc.'s gross profit percentage for 2020.

State your answer as a percentage and round to two decimal places.

Reference no: EM132612786

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