Use the Information Above to Answer the Following Question

question 116

Multiple Choice

Use the information above to answer the following question.The gross profit percentage for 2014 would be closest to:

• A)25.6%.
• B)31.5%.
• C)55.6%.
• D)68.5%.

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Definitions:

Articles Of Incorporation

The document filed with the appropriate state official, usually the Secretary of State, when a business is incorporated. State statutes usually prescribe what kind of information must be contained in the articles of incorporation.

Incorporated

Incorporated refers to the process of forming a corporation, which is a legal entity that is distinct from its owners, providing them with limited liability.

Appropriate State

A legal or suitable condition or status that a subject or entity is in, according to laws or regulations.

Certificate Of Incorporation

An official document issued by a government authority that establishes a corporation's legal existence.