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Victory Stables Ltd. key account totals for the year ended December 31, 2018, are as...

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Accounting

Victory Stables Ltd. key account totals for the year ended December 31, 2018, are as follows: Sales revenue $400,000; Cost of goods sold $140,000; Beginning inventory $80,000; Ending inventory $60,000. The Gross Profit percentage for 2018 is: Select one: a. 35% b. 45% c. 65% d. 80% O
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Victory Stables Ltd. key account totals for the year ended December 31, 2018, are as follows: Sales revenue $400,000; Cost of goods sold $140,000; Beginning inventory $80,000; Ending inventory $60,000. The Gross Profit percentage for 2018 is: Select one: a. 35% b. 45% c. 65% d. 80%

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