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Assume Carla Vista Company has the following reported amounts: Sales revenue $ 1 , 4 8 9 , 0 0 0 , Sales returns and
Assume Carla Vista Company has the following reported amounts: Sales revenue $ Sales returns and allowances $
Cost of goods sold $ and Operating expenses $
a Compute net sales.
Net sales $
b Compute gross profit.
Gross profit $
c Compute income from operations.
Income from operations $
d Compute the gross profit rate. Round answer to decimal place, eg
Gross profit rate
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