Below are the Charlie Company account balances: Gross sales, $100,000 Sales returns and discounts, $4,000 Selling expenses,

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Below are the Charlie Company account balances:

Gross sales, $100,000

Sales returns and discounts, $4,000

Selling expenses, $12,000

Cost of goods sold, $58,000

Interest expense, $3,000

How much is the gross profit margin? (Enter your percentage as a decimal rounded to two decimal places. Example: Enter 46% as .46)

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Apr 04, 2023 12:49 AM

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Below are the Charlie Company account balances: Gross sales, $100,000 Sales returns and discounts, $4,000 Selling expenses,

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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