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Selected financial data for Barnstable Company appear below: 20x9(in thousands)20x8(in...

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Accounting

Selected financial data for Barnstable Company appear below:
20x9(in thousands)20x8(in thousands)
Sales $1,500 $1,200
Operating Expenses 450400
Interest Expense 7530
Cost of Goods Sold 1,000720
Dividends Declared and Paid 300
For 20\times 9, the gross margin as a percentage of sales was:
Multiple Choice
5%.
40%.
10%.
33%.

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