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I am getting conflicting responses, please let me know what is correct: Financial information is presented below: Operating expenses $ 21000 Sales returns and allowances
I am getting conflicting responses, please let me know what is correct:
Financial information is presented below:
Operating expenses $ 21000
Sales returns and allowances 7000
Sales discounts 3000
Sales revenue 168000
Cost of goods sold 99000
The gross profit rate would be
A. 0.42.
B. 0.63.
C. 0.37.
D. 0.35.
I need this by today October 23rd, 2017. Thanks!
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