A corporation reported net sales of 150000 cost of goods


Question - A corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000.

Calculate the following values.

1. Profit margin

2. Gross profit rate

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Accounting Basics: A corporation reported net sales of 150000 cost of goods
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