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The following Income Statement for 2019 is given below. Net Sales $ 400,000 Cost of Goods sold 232,000 Gross margin ? Operating expenses 92,000 Income

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The following Income Statement for 2019 is given below. Net Sales $ 400,000 Cost of Goods sold 232,000 Gross margin ? Operating expenses 92,000 Income before income taxes 76,000 Income taxes expense 30,400 Net Income ? Calculate the Net Income percentage

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