Financial information is presented below Operating expenses $ 50000 Sales revenue 214000 Cost of goods sold 157000 Gross profit would be $164000 $ 50000 $ 57000 $ 7000 If Kingbird, Inc has net sales of $375000 and cost of goods sold of $305000, Kingbird's gross profit rate is 81 23 19 100 Metlock's Market recorded the following events involving a recent purchase of inventory Received goods for $78200, terms 2 9,n 30 Returned $1700 of the shipment for credit Paid $700 freight on the shipment Paid the invoice within the discount period As a result of these events, the company's inventory increased by $74970 increased by $77200 increased by $75656 increased by $75670

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Financial information is presented below  Operating expenses $ 50000 Sales revenue 214000 Cost of goods sold 157000 Gross profit would be $164000 $ 50000  $ 57000 $ 7000  If Kingbird, Inc  has net sales of $375000 and cost of goods sold of $305000, Kingbird's gross profit rate is 81  23  19   100  Metlock's Market recorded the following events involving a recent purchase of inventory  Received goods for $78200, terms 2 9,n 30  Returned $1700 of the shipment for credit  Paid $700 freight on the shipment  Paid the invoice within the discount period  As a result of these events, the company's inventory increased by $74970  increased by $77200  increased by $75656  increased by $75670

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Financial information is presented below: Operating expenses $ 50000 Sales revenue 214000 Cost of goods sold 157000 Gross profit would be $164000 $ 50000. $

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