Question
Financial information is presented below: Operating expenses $ 31000 Sales returns and allowances 9000 Sales discounts 5000 Sales revenue 162000 Cost of goods sold 108000
Financial information is presented below:
Operating expenses
$ 31000
Sales returns and allowances
9000
Sales discounts
5000
Sales revenue
162000
Cost of goods sold
108000
The gross profit rate would be
a.
0.33.
b.
0.25.
c.
0.27.
d.
0.72.
Answer:
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Computer Accounting
Authors: Donna Kay
14th Edition
007762453X, 9780077624538
