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Net sales were $360,000. The cost of goods sold was $180,000. Operating expenses were $120,000. The ending balance of the Accounts Receivable account was $20,000.

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Net sales were $360,000. The cost of goods sold was $180,000. Operating expenses were $120,000. The ending balance of the Accounts Receivable account was $20,000. The merchandise turnover ratio was 12.75. The operating profit margin was: 16.67% 20.00% 33.30% 40.00%

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