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The 2 0 2 1 income statement of Adrian Express reports sales of $ 2 2 , 1 1 0 , 0 0 0 ,

The 2021 income statement of Adrian Express reports sales of $22,110,000, cost of goods sold of $12,950,000, and net income of $2,260,000. Balance sheet information is provided in the following table.
Industry averages for the following profitability ratios are as follows:
\table[[Gross profit ratio,45%
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