Financial Information Is Presented Below The Gross Profit Rate Would Be
A)

question 152

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 4,000 \\\text { Sales discounts } & 6,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 90,000\end{array}$$ The gross profit rate would be

• A) .40.
• B) .60.
• C) .44.
• D) .45.

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