Sunland Company reported net sales $820,000; cost of goods sold $533,000; operating expenses $215,250; and net income $69,700. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal - QAmmunity.org

Sunland Company reported net sales $820,000; cost of goods sold $533,000; operating expenses $215,250; and net income $69,700. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal

asked May 8, 2023 43.1k views

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