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In 2022. Rondelits Company had net sales of $650,000 and cost of goods sold of $455,000. Operating expenses were $150,000, and interest expense was $10,000.

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In 2022. Rondelits Company had net sales of $650,000 and cost of goods sold of $455,000. Operating expenses were $150,000, and interest expense was $10,000. Rondelli's prepares a multiple-step income statement. Compute Rondelli's gross profit. Gross profit Compute the gross profit rate

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