Minnick Co. has sales revenue of $105,000, cost of goods sold of $70,000, and operating expenses of

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Minnick Co. has sales revenue of $105,000, cost of goods sold of $70,000, and operating expenses of $20,000. What is its gross profit and its gross profit rate?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 01:32 AM

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Minnick Co. has sales revenue of $105,000, cost of goods sold of $70,000, and operating expenses of

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