Financial information is presented below:<\/p>
<\/p>
Operating expenses $ 23000<\/p>
Sales returns and allowances 5000<\/p>
Sales discounts 3000<\/p>
Sales revenue 148000<\/p>
Cost of goods sold 102000<\/p>
<\/p>
The gross profit rate would be<\/span><\/p> <\/p> <\/p> (A) 0.72.<\/span><\/p> <\/p> (B) 0.27.<\/p> <\/p> (C) 0.26.<\/p> <\/p> (D) 0.31.<\/p>",
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