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Question 7 Financial information is presented below: $ 49000 Operating expenses Sales returns and allowances 2000 Sales discounts 8000 Sales revenue 176000 Cost of goods

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Question 7 Financial information is presented below: $ 49000 Operating expenses Sales returns and allowances 2000 Sales discounts 8000 Sales revenue 176000 Cost of goods sold 89000 The gross profit rate would be 0.44 0.46 0.54 0.49

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