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Current Attempt in Progress A company has the following balances: Sales revenue $312,000 : Sales Returns and Allowances $2,000: Sales Discounts $4,000: Cost of Goods

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Current Attempt in Progress A company has the following balances: Sales revenue $312,000 : Sales Returns and Allowances $2,000: Sales Discounts $4,000: Cost of Goods Sold \$184,000: Operating Expenses $84,000. Assume there are no other revenues, other expenses, orincome tax expense. How much is the profit margin? 12.49 41.0%6 12.2% 16.0%

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