Question: Multiple Choice Question 164 Financial information is presented below: Operating expenses $ 23000 Sales returns and allowances 5000 Sales discounts 3000 Sales revenue 148000 Cost

Multiple Choice Question 164

Financial information is presented below:

Operating expenses $ 23000

Sales returns and allowances 5000

Sales discounts 3000

Sales revenue 148000

Cost of goods sold 102000

The gross profit rate would be

(A) 0.72.

(B) 0.27.

(C) 0.26.

(D) 0.31.

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