Question: Can you solve this general accounting problem using accurate calculation methods? Use the following data for Aurora Enterprises: Sales: $250,000 - Sales Returns and Allowances:

Can you solve this general accounting problem using accurate calculation methods?

Use the following data for Aurora Enterprises: Sales: $250,000 - Sales Returns and Allowances: $18,000 - Sales Discounts: $7,000 - Cost of Goods Sold: $120,000 - Operating Expenses: $65,000 What is the profit margin ratio

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