Question: Exercise 5-6 Presented below is information for Zhou Co. for the month of January 2014. Prepare an income statement using the multi-step format. Assume a

Exercise 5-6 Presented below is information for Zhou Co. for the month of January 2014. Prepare an income statement using the multi-step format. Assume a 20% tax rate.Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, e.g. 15.2%.) Profit margin % Gross profit rate SHOW LIST OF ACCOUNTS

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