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Assume Tamarisk, Inc. has the following reported amounts: Sales revenue $1,510,000, Sales returns and allowances $44.000. Cost of goods sold $976,356, and Operating expenses $325,600.

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Assume Tamarisk, Inc. has the following reported amounts: Sales revenue $1,510,000, Sales returns and allowances $44.000. Cost of goods sold $976,356, and Operating expenses $325,600. (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 1 decimal place, eg. 25.2%) Gross profit rate

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