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Financial information is presented below: Operating expenses $ 28,000 Sales returns and allowances 7,000 Sales discounts 3,000 Sales revenue 150,000 Cost of goods sold 91,000
Financial information is presented below:
Operating expenses | $ 28,000 |
Sales returns and allowances | 7,000 |
Sales discounts | 3,000 |
Sales revenue | 150,000 |
Cost of goods sold | 91,000 |
The gross profit rate would be
.65. | ||
.35. | ||
.33. | ||
.27. |
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