Question: PA6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 66] [The following information applies to the questions displayed below.] Big

PA6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross

PA6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 66] [The following information applies to the questions displayed below.] Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format): PA6-5 (Algo) Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.)

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