Financial information is presented below: Operating expenses $ 35,000 Sales returns and 12,000 allowances Sales discounts 3,000 Sales revenue 140,000 Cost of goods sold 85,000 The gross profit rate would be 1).39. 0 2.34. 3).68 O4).32. Question 4 (5 points) Financial information is presented below: Operating $36,000 expenses Sales revenue 150,000 Cost of goods sold 105,000 The profit margin would be O 1).70. O2).30 3).06. O 4) 94