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QUESTION 19 The following income statement pertains to Soho Company Income Statement I Sales revenue Cost of goods sold Gross margin Operating expenses Net income

QUESTION 19 The following income statement pertains to Soho Company Income Statement I Sales revenue Cost of goods sold Gross margin Operating expenses Net income 5 120,000 66.000 54,000 30.000 $ 24,000 What is the profit margin for Soho? 45.0% b44.4% C 20.0% od 17.7%

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