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Financial information is presented below: Operating expenses $104,000 Sales returns and allowances 4,000 Sales discounts 9,000 Sales revenue 323,000 Cost of goods sold 100,000 The

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Financial information is presented below: Operating expenses $104,000 Sales returns and allowances 4,000 Sales discounts 9,000 Sales revenue 323,000 Cost of goods sold 100,000 The gross profit rate (rounded) would be 0.42. .68. .36. 0.34

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