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Financial information is presented below: Operating expenses $ 33000 Sales returns and allowances 8000 Sales discounts 3000 Sales revenue 172000 Cost of goods sold 97000
Financial information is presented below:
| Operating expenses | $ 33000 |
| Sales returns and allowances | 8000 |
| Sales discounts | 3000 |
| Sales revenue | 172000 |
| Cost of goods sold | 97000 |
The gross profit rate would be
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
