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Financial Information Is Presented Below The Gross Profit Rate Would Be

A)

question 49

Multiple Choice

Financial information is presented below.
 Operating Expenses 90,000 Sales Returns and Allowances 26,000 Sales Discounts 12,000 Sales 320,000 Cost of Goods Sold 154,000\begin{array} { l r } \text { Operating Expenses } & € 90,000 \\ \text { Sales Returns and Allowances } & 26,000 \\ \text { Sales Discounts } & 12,000 \\ \text { Sales } & 320,000 \\ \text { Cost of Goods Sold } & 154,000 \end{array}

The gross profit rate would be


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