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Emad Company Income Statement For the Year Ended December 31, 2020 (dollars in thousands) Sales (all on account) Cost of goods sold Gross margin

Emad Company Income Statement For the Year Ended December 31, 2020 (dollars in thousands) Sales (all on account) Cost of goods sold Gross margin Operating expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $1,910 1,330 580 230 350 50 300 90 $ 210 The Company's operating income margin for 2020 is:

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