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Presented below is information for Zhou Co. for the month of January 2014. Prepare an income statement using the multi-step format. Assume a 25% tax

Presented below is information for Zhou Co. for the month of January 2014.

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Prepare an income statement using the multi-step format. Assume a 25% tax rate.

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Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, e.g. 15.2%.)

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