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Assume baja company has the following reported amounts

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1. Assume Baja Company has the following reported amounts: Sales $510,000, Sales returns and allowances $15,000, Cost of goods sold $350,000, Operating expenses $110,000. Compute the following: 

(a) Net sales, 
(b) Gross profit, 
(c) Income from operations, and 
(d) Gross profit rate. (Round to one decimal place) 

Reference no: EM131143819

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