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fast plz 35. Omar Limited gathered the following condensed data for the year ended December 31, 2021: Selling expense $ 23,000 Cost of goods sold
fast plz
35. Omar Limited gathered the following condensed data for the year ended December 31, 2021: Selling expense $ 23,000 Cost of goods sold 1,684,000 Net sales 2,260,000 Operating expenses 502,000 Interest expense 50,000 Dividend revenue 55,000 Cash 25,000 Depreciation expenses 8,000 Dividends paid 20,000 a. What is the gross profit for the year? 576,000 b. What is the net income for the year? 48,000 c. What is the gross profit margin for the year? 25.49% Step by Step Solution
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