Question: I am searching for the correct answer to this general accounting problem with proper accounting rules. The following data is from the income statement of

I am searching for the correct answer to this general accounting problem with proper accounting rules.

The following data is from the income statement of Trinity Go.: Revenue: $50,000 Cost of goods sold: $20,000 Operating expenses: $22 000 Net income: $8,000 What is the company's gross margin percentage? a) 56.00% b) 40.00% c) 60.00% d) 68.00%

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