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The Income Statement for Otto Construction Company Appears Below

question 169

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The income statement for Otto Construction Company appears below:
The income statement for Otto Construction Company appears below:    Average total assets total $240,000.Otto's income tax rate is 25%. What is the gross margin percentage?  A)  12.5% B)  15.8% C)  35.6% D)  44.4% Average total assets total $240,000.Otto's income tax rate is 25%.
What is the gross margin percentage?


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