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Financial information is presented below: Operating Expenses $ 45,000 Sales Returns and Allowances 13,000 Sales Discount 6,000 Sales 150,000 Cost of Goods Sold 67,000 The

Financial information is presented below:

Operating Expenses $ 45,000

Sales Returns and Allowances 13,000

Sales Discount 6,000

Sales 150,000

Cost of Goods Sold 67,000

The profit margin ratio would be? What are the steps to get the answer as .145?

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