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Question 18 0.5 pts $ 28,000 Financial information is presented below: Operating expenses Sales returns and allowances Sales discounts 7.000 3.000 Sales revenue 150,000 Cost

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Question 18 0.5 pts $ 28,000 Financial information is presented below: Operating expenses Sales returns and allowances Sales discounts 7.000 3.000 Sales revenue 150,000 Cost of goods sold 91.000 Net income $10,000 Which of the following is closest to this company's gross profit rate? 33% 659 27% 35%

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