Question dublin corporation reported net sales of 250000, Ask an Expert

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Question: Dublin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of $32,500, beginning total assets of $520,000, and ending total assets of $600,000. Calculate each of the following values and explain what they mean:

(a) profit margin and

(b) gross profit rate.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92652426

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