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How to express operating expenses as a common-size

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Reference no: EM132583449

Question 1: Express operating expenses as a common-size percentage using the following data.

Sales - $45,000:

cost of goods sold - $29,340;

gross profit from sales - $15,660;

operating expenses - $10,800;

net income -$4,860.

Reference no: EM132583449

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