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Given the following information, calculate the operating expense ratio for this property. Potential gross income: $120,000, Effective Gross Income: $109,200, Net operating income: $57,900, Operating

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Given the following information, calculate the operating expense ratio for this property. Potential gross income: $120,000, Effective Gross Income: $109,200, Net operating income: $57,900, Operating expenses: $51,300. O 43% 053% O 34% 0 47%

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