Financial information is presented below: Operating expenses $ 48000 Sales revenue 223000 Cost of goods sold 145000

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Financial information is presented below:

Operating expenses		$ 48000
Sales revenue		223000
Cost of goods sold		145000

The gross profit rate would be

0.35.

0.22.

0.65.

0.13.

Related Book For answer-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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Posted Date: Jan 16, 2022 08:43 PM

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Financial information is presented below: Operating expenses $ 48000 Sales revenue 223000 Cost of goods sold 145000

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Answer 035 Gross Profit Rate ... View the full answer

Accounting Principles

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