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Calculate Erin gross profit percentage

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Reference no: EM132671412

Problem - Profitability Analysis

Erin Enterprises reports the following information on its year-end income statement:

Net Sales $200,000

Operating Expenses $40,000

Cost of Goods Sold 110,000

Other Income 25,000

Required - Calculate Erin's gross profit percentage and return on sales ratio.

Reference no: EM132671412

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