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Use the following to answer questions 2 1 - 2 5 The company reports the following amounts in its year - end income statement: $

Use the following to answer questions 21-25
The company reports the following amounts in its year-end income statement:
$ Determine gross profit
$ D. Determine operating expenses
$ Determine Income tax expense
% Calculate the gross profit ratio (round to one decimal place).
___ Calculate the profit margin (round to one decimal place).
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