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Question 4 (1 point) Jackson Company recorded the following transactions for the year: $267.000 net...

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Accounting

Question 4 (1 point) Jackson Company recorded the following transactions for the year: $267.000 net sales $107,000 cost of sales $92,400 net Income $108,950 net cash from operating activitles $130,400 net cash from investing activitles $55,400 operating expenses

What is Jackson's gross profit rate?

39 2% 59 9% 20.7% 34.6%

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