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The gross profit rate would be

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The gross profit rate would be Use the following information for questions 1–2. Financial information is presented below: Operating Expenses $ 45,000 Sales Returns and Allowances 13,000 Sales Discounts 6,000 Sales 150,000 Cost of Goods Sold 67,000 1. Gross profit would be a. $77,000. b. $64,000. c. $70,000. d. $83,000. 2. The gross profit rate would be a. .535. b. .489. c. .511. d. .553. Use the following information for questions 1–5. Financial information is presented below: Operating Expenses $ 45,000 Sales Returns and Allowances 13,000 Sales Discounts 6,000 Sales 160,000 Cost of Goods Sold 77,000 3. The amount of net sales on the income statement would be a. $154,000. b. $141,000. c. $160,000. d. $166,000. 4. Gross profit would be a. $77,000. b. $70,000. c. $64,000. d. $83,000. 5. The gross profit rate would be a. .454. b. .546. c. .500. d. .538. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

The gross profit rate would be

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