The following information was taken from Logsden Manufacturing€™s trial balances as of
December 31, 2008, and December 31, 2009.

Required:
Calculate the gross profit ratio and operating margin ratio for2009.

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12/31/2009 12/31/2008 $13,000 22,000 140,000 274,000 12,000 47,000 5,000 25,000 21,000 $ 17,000 15,000 119,000 239,000 11,000 16,000 1,000 16,000 18,000 Accounts receivable Accounts payable Sales Sales returns Retained earnings Income from operations Net income