Presented below is information for Sandhill Company for the month of January 2022. $289,000 Rent...
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Presented below is information for Sandhill Company for the month of January 2022. $289,000 Rent expense $33,000 Cost of goods sold Freight-out 7,800 Sales discounts 7,700 9,000 Insurance expense 12,500 Sales returns and allowances Salaries and wages expense 42,000 Sales revenue 438,000 * Your answer is incorrect. Calculate the profit margin and the gross profit rate. (Round answers to 2 decimal places, eg. 15.25.) Profit margin 37.000 Gross profit rate 31.40% e Textbook and Media
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