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1- Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 6000 Sales discounts 7000 Sales revenue 158000 Cost of goods sold
1- Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 6000 Sales discounts 7000 Sales revenue 158000 Cost of goods sold 90000 The gross profit rate would be
A )0.38.
B) 0.35.
C) 0.43.
D) 0.62.
2- Financial information is presented below:
Operating expenses | $ 44000 |
Sales returns and allowances | 14000 |
Sales discounts | 5000 |
Sales revenue | 180000 |
Cost of goods sold | 109000 |
The profit margin would be
A ) 0.32.
B) 0.02.
C) 0.17.
D) 0.05.
Hi can you help on this questions asap
thanks
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