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Find what the profit margin would be

Assignment Help Financial Accounting
Reference no: EM132706122

Financial information is presented below:

Operating expenses$ 55000

Sales returns and allowances3000

Sales discounts9000

Sales revenue200000

Cost of goods sold87000

Problem 1: The profit margin would be

A. 0.54.

B. 0.24.

C. 0.48.

D. 0.23.

Reference no: EM132706122

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