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Financial Information Is Presented Below The Profit Margin Would Be
A)$36

question 57

Multiple Choice

Financial information is presented below:  Operating expenses $45,000 Sales returns and allowances 3,000 Sales discounts 7,000 Sales revenue 160,000 Cost of goods sold 96,000\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 3,000 \\\text { Sales discounts } & 7,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 96,000\end{array} The profit margin would be


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