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8. Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating...

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8. Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. 1. Profit margin. 2. Gross profit rate

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