Durbin Corporation reported Net sales of $259,300, cost of goods sold of $135,900, operating expenses of $48,290, net income of $42,120, beginning total assets of $514,600 ending total assets of $572,000 Calculate the profit margin and the gross profit rate ...

Durbin Corporation reported Net sales of $259,300, cost of goods sold of $135,900, operating expenses of $48,290,

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Durbin Corporation reported

Net sales of $259,300,
cost of goods sold of $135,900,
operating expenses of $48,290,
net income of $42,120,
beginning total assets of $514,600
ending total assets of $572,000.

Calculate the profit margin and the gross profit rate.

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: May 04, 2023 03:56 AM

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Durbin Corporation reported Net sales of $259,300, cost of goods sold of $135,900, operating expenses of $48,290,

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