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Presented below is the 2019 income statement for Billies Baubles. Which of the following statements are true? I. Net margin is less than operating margin.

Presented below is the 2019 income statement for Billies Baubles.

Which of the following statements are true? I. Net margin is less than operating margin. II. Operating margin is less than gross margin. III. Gross margin is less than net margin.

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