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Business, 16.10.2020 07:01 mazielynn84

The adjusted trial balance of Dawson Company contained the following information. Assume the tax rate is 33%: Debit Credit
Sales revenue $425,000
Sales returns and allowances $ 20,000
Sales discounts 5,000
Cost of goods sold 300,000
Operating expenses 61,000
Interest revenue 2,000
Interest expense 1,000
Compute the gross profit. rate(%)

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