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Income Statement For the Year Ended December 31, 2020 (dollars in thousands) Sales (all on account) Cost of goods sold Gross margin Operating expenses

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Income Statement For the Year Ended December 31, 2020 (dollars in thousands) Sales (all on account) Cost of goods sold Gross margin Operating expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $1,910 The Company's return on investment for 2020 is: 1,330 580 230 350 50 300 90 90 $ 210 Time left

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