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Financial information is presented below: Operating expenses 21000 9000 Sales returns and allowances Sales discounts Sales revenue Cost of goods sold 5000 148000 109000 The

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Financial information is presented below: Operating expenses 21000 9000 Sales returns and allowances Sales discounts Sales revenue Cost of goods sold 5000 148000 109000 The gross profit rate would be 0.17. 0.19 0.80. 0.25

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