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Financial information is presented below: Operating expenses $ 29000 Sales returns and allowances 5000 Sales discounts 3000 Sales revenue 188000 Cost of goods sold 91000
Financial information is presented below:
Operating expenses | $ 29000 |
Sales returns and allowances | 5000 |
Sales discounts | 3000 |
Sales revenue | 188000 |
Cost of goods sold | 91000 |
The profit margin ratio would be
0.49.
0.47.
0.33.
0.32.
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