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2025 2024 Net sales $134,000 $104,000 Cost of goods sold 84.420 65,520 Operating expenses 26,800 13,520 Income tax expense 14,740 7,800 Net income $8,040
2025 2024 Net sales $134,000 $104,000 Cost of goods sold 84.420 65,520 Operating expenses 26,800 13,520 Income tax expense 14,740 7,800 Net income $8,040 $17,160 (a1) Determine the company's gross profit rate and profit margin for both years. (Round answers to 1 decimal place, e.g. 52.7%.) Gross profit rate Profit margin 2025 63 % 9 2024 63 % % 16.5 % do
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
