Blossom Company reported net sales $1,020,000; cost of goods sold $663,000; operating expenses $267,750; and net income

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Blossom Company reported net sales $1,020,000; cost of goods sold $663,000; operating expenses $267,750; and net income $86,700. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.)

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Mar 06, 2022 12:00 PM

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Blossom Company reported net sales $1,020,000; cost of goods sold $663,000; operating expenses $267,750; and net income

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Core Concepts of Accounting

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