Financial information is presented below: Operating expenses $ 34000 Sales returns and allowances 8000 Sales discounts...

Question

Question

Financial information is presented below: Operating expenses $ 34000

Sales returns and allowances 8000

Sales discounts 3000

Sales revenue 142000

Cost of goods sold 85000

The profit margin ratio would be

business accounting

Answer 1

Answer #1

142000 8000 3000 SalesRevenue Sales returns and allowances Sales discounts Net Sales Less: Cost of goods sold Gross profit Le

Note: Percentage answer rounded to 1 Decimal as it's not mentioned in question.

Answer 2

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