Question: Bugsy provided the following operating information during the current year. Operating income $ 185,000 Selling, general, and administrative costs 42,000 Cost of goods sold 77,500

Bugsy provided the following operating information during the current year.
Operating income $ 185,000
Selling, general, and administrative costs 42,000
Cost of goods sold 77,500
What was Bugsys gross margin this year?
What was its total revenue this year?

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