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17. Tress Industries also provides the following data for 2001: Profit margin (net income) ratio 10% Sales $100,000 Gross margin ratio 40% Operating expenses

17. Tress Industries also provides the following data for 2001: Profit margin (net income) ratio 10% Sales $100,000 Gross margin ratio 40% Operating expenses for 2001 were: a. $10,000 b. $40,000 c. $30,000 d. Not able to determine from above information.

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