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A company's income statement shows net sales of $300,000, cost of goods sold of $180,000, operating expenses of $50,000, and interest expense of $10,000. Calculate:
A company's income statement shows net sales of $300,000, cost of goods sold of $180,000, operating expenses of $50,000, and interest expense of $10,000. Calculate: a) The gross profit. b) The operating income. c) The net income. d) The gross profit margin.
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