CHAPTER 16: TEST BANK

Gross margin percentage = Gross margin Sales = $507,000 $865,000 = 58.6% 247. Liuzzi Corporation’s most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $5.54 per share. ................
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