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Show all calculations: Given the following, calculate a) Operating income b) Gross profit/margin % Operating expenses were $201,000; Cost of goods sold was $376,000; R&D
Show all calculations: Given the following, calculate a) Operating income b) Gross profit/margin % Operating expenses were $201,000; Cost of goods sold was $376,000; R&D expense was 30,000 Net sales were $940,000; Interest expense was $32,000; Gain on sale of investments was $76,000; Income tax expense was $151,000
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