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Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net sales...

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Profitability Analysis Shannon Enterprises reports the following information on its year-end income statement: Net sales $150,000 Operating expenses $30,000 90,000 Other income 10,000 Cost of goods sold Calculate Shannon's gross profit percentage and profit margin. (Round to one decimal place.) % Gross profit percentage Profit margin percentage %

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