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Profitability Analysis Erin Enterprises reports the following information on its year-end income statement: Net sales.... Cost of goods sold. .. $200,000 110,000 Operating expenses Other
Profitability Analysis Erin Enterprises reports the following information on its year-end income statement: Net sales.... Cost of goods sold. .. $200,000 110,000 Operating expenses Other income Required Calculate Erin's gross profit percentage and return on sales ratio. $40,000 25,000
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