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16. A company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000. Approximately what

16. A company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000. Approximately what is the company's gross profit percentage? A. 0.103 B. 0.241 C. 0.127 D. 0.429

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