Question: will thumbs up! Question 16 5 pts During the current year, Tangerine Company reports sales of $552,000 and an average sale period of 50 days.

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Question 16 5 pts During the current year, Tangerine Company reports sales of $552,000 and an average sale period of 50 days. The inventory balance is $33,000 at the beginning of the year and $39,000 at the end of the year. What is Peach's gross margin percentage? Round to one decimal point. 42.8% 47.6% 48.5% 52.4% O 56.2%

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