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Compute income from operations

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Reference no: EM132715001

Question - Assume Metlock, Inc. has the following reported amounts: Sales revenue $1,484,000, Sales returns and allowances $44,000, Cost of goods sold $967,680, and Operating expenses $320,100.

Required -

(a) Compute net sales.

(b) Compute gross pro?t.

(c) Compute income from operations.

(d) Compute the gross pro?t rate.

Reference no: EM132715001

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