The following is Talley Company”s 2010 income statement.
| Sales revenue Don't use plagiarized sources. Get Your Custom Essay on what is the gross margin percentage 613985 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | $540,000 |
| Cost of goods sold | 324,000 |
| Gross margin | 216,000 |
| Operating expenses | 126,000 |
| Operating income | $ 90,000 |
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