Presented Below Is the Income Statement for Tiger Company The Gross Profit Rate for Tiger Company Is _____

question 32

Multiple Choice

Presented below is the income statement for Tiger Company. $\begin{array}{lr}\text { Sales only credit sales) } & \$ 1,606.0 \\\text { Less: Cost of goods sold } & \underline{1,062.0} \\\text { Gross profit } & \$ 544.0 \\\text { Less: Operating expenses } & 322.0 \\\text { Operating income } & \$ 222.0 \\\text { Less other expense: Interest } & 9.6 \\\text { Income before tax } & \$ 212.4 \\\text { Less: Income tax expense } & 85.0 \\\text { Net income } & \$ 127.4\end{array}$ The gross profit rate for Tiger Company is _____.

• A)51.2%
• B)13.8%
• C)23.4%
• D)33.9%

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Definitions:

Last Menstrual Period

The first day of a woman's most recent menstrual cycle, a date used as a starting point for calculating a pregnancy's gestational age.

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A medical procedure involving the use of a cystoscope to examine the interior of the bladder and urethra.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before it is excreted.

Urethra

The tube that conveys urine from the bladder during urination.