Question: I am looking for help with this general accounting question using proper accounting standards. Bright Bake Foods earned net sales revenue of $58,000,000 in 2023.

I am looking for help with this general accounting question using proper accounting standards.

Bright Bake Foods earned net sales revenue of $58,000,000 in 2023. The cost of goods sold was $39,500,000, and net income reached $9,400,000. Compute Bright Bake Foods' gross profit percentage for 2023

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