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Compute the gross profit rate and net sales

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Reference no: EM131789934

Question - Assume Baja Company has the following account balances: Sales $523,074, Sales Returns and Allowances $15,253, Cost of Goods Sold $343,806, Selling Expenses $71,068, and Administrative Expenses $40,043.

Compute the following:

(a) Net sales

(b) Gross profit

(c) Income from operations

(d) Gross profit rate

Reference no: EM131789934

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