Regis Co. has sales revenue of $109,000, cost of goods sold of $70,000, and operating expenses of

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Regis Co. has sales revenue of $109,000, cost of goods sold of $70,000, and operating expenses of $23,000.
What is its gross profit and its gross profit rate?

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 04:02 AM

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Regis Co. has sales revenue of $109,000, cost of goods sold of $70,000, and operating expenses of

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Financial and managerial accounting

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