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Financial information is presented below: Operating expenses $ 26000 Sales returns and allowances 7000 Sales discounts 5000 Sales revenue 172000 Cost of goods sold 99000
Financial information is presented below:
Operating expenses $ 26000
Sales returns and allowances 7000
Sales discounts 5000
Sales revenue 172000
Cost of goods sold 99000
The profit margin ratio would be:
0.20.
0.38.
0.22.
0.35.
*PLEASE INCLUDE ANY CALCULATIONS*
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