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Cullumber Corporation reported net sales $640,000, cost of goods sold $358,400, operating expenses $168,000, and net income $53,760. Calculate the profit margin and gross
Cullumber Corporation reported net sales $640,000, cost of goods sold $358,400, operating expenses $168,000, and net income $53,760. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin Gross profit rate % %
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
