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Assume Baja Company has the following account balances: Sales $510,000, Sales Returns and Allowances $15,000, Cost of Goods Sold $350,000, Operating...

Assume Baja Company has the following account balances: Sales $510,000, Sales Returns and Allowances $15,000, Cost of Goods Sold $350,000, Operating Expenses $110,000. Compute the following: Net Sales, Gross Profit, Income from Operations & Gross Profit Rate (Round answer to one decimal, ex. 10.1)

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