The following information pertains to Cashe Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What is the profit margin for Cache?
Definitions:
Allocation
The process of assigning or distributing costs or resources among various accounts or cost objects.
Closing Costs
Closing costs are fees and expenses paid during the closure of a real estate transaction, including attorney fees, commissions, and taxes.
Straight-line Depreciation
A technique of distributing the expense of a physical asset uniformly over its operational lifespan.
Accelerated Depreciation
A method of depreciation in which an asset loses book value at a faster rate than the traditional straight-line method over its useful life.
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