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For the Fiscal Period Ending Historical Statement Projected Statement Restated Restated Reclassified Proj Proj Proj Proj ProjCOGS as % Revenues Average Method: Take the average of the last 5 years COGS As % revenues COGS Gross Profit Gross Margin 9,1

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Answer #1

COGS as a percentage of revenues = Average COGS Percentage for last 5 years

= (71.35%+68.75%+69.48%+70.20%+71.81%)/5

= 3.5159/5

= 0.70318

=70.32%

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