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Determine the change in gross profit

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Reference no: EM132985663

The following income statement information is for Sadie Company:

Sales$175,000

Cost of merchandise sold115,000

Gross profit$60,000

Problem 1: Using vertical analysis of the income statement for Sadie Company, determine the change in gross profit.

a.34.3%

b.100.0%

c.29.4%

d.66.5%

Reference no: EM132985663

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