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Calculate shannons gross profit percentage and return sale

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Reference no: EM132381200

Question

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

Net Sales$180,000Operating

Expenses$40,000

Cost of Goods Sold110,000

Other Income25,000

Required

Calculate Shannon's gross profit percentage and return on sales ratio.

(Round answer to one decimal place.)

Gross profit percentage =

Return on sales ratio =

Reference no: EM132381200

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