Answered You can hire a professional tutor to get the answer.
QUESTION
Financial information is presented below: Operating expenses$ 31000 Sales returns and allowances6000 Sales discounts5000 Sales revenue180000 Cost of...
Financial information is presented below:
Operating expenses$ 31000
Sales returns and allowances6000
Sales discounts5000
Sales revenue180000
Cost of goods sold87000
The gross profit rate would be
0.52.
0.46.
0.49.
0.42.
