Find the operating ratio for Sols Dry Goods if the income statement for the month shows
Chapter 21, Problem 7(choose chapter or problem)
Find the operating ratio for Sols Dry Goods if the income statement for the month shows net sales, $15,500; cost of goods sold, $7,500; gross profit, $8,000; operating expenses, $3,500; net income, $4,500. Express results to the nearest tenth of a percent.
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