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Compute Net sales and Gross margin

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Question - The following information is available for Sheldon Leonard Company: Operating expenses $85,000 Cost of goods sold 200,000 Sales 368,000 Sales returns and allowances 16,000.

Instructions - Compute each of the following: (a) Net sales (b) Gross margin (c) Income from operations (d) Gross profit margin ratio.

Reference no: EM132489777

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