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Financial Accounting Final - Part 3 of 4!
SAMPLE
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14. Financial Statement Analysis / Horizontal Analysis / Problem 1
Problem 1

A company had net sales of \$500,000 in 2018 and \$550,000 in 2019, and cost of goods sold of \$300,000 in 2018 and \$330,000 in 2019. Calculate the percentage change in gross profit.