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Current Attempt in Progress Marigold Corp, reported net sales $640,000; cost of goods sold $416,000; operating expenses $168,000; and net income $54,400. Calculate the
Current Attempt in Progress Marigold Corp, reported net sales $640,000; cost of goods sold $416,000; operating expenses $168,000; and net income $54,400. 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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Financial Accounting Fundamentals
Authors: John Wild
3rd edition
978-0073527048, 0073527041, 978-0077544652
