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Find the operating ratio for m-ng grocery

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Reference no: EM131629279

Question: Find the operating ratio for M. Ng's Grocery if the income statement for the month shows net sales, $23,500; cost of goods sold, $16,435; gross profit, $7,065; operating expenses, $3,100; net income, $3,965. Round to the nearest tenth of a percent.

Reference no: EM131629279

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