Financial Information Is Presented Below The Gross Profit Rate Would Be
A)

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating Expenses } & \$ 90,000 \\\text { Sales Returns and Allowances } & 26,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales Revenue } & 300,000 \\\text { Cost of Goods Sold } & 158,000\end{array}$$ The gross profit rate would be

A) .347.
B) .397.
C) .473.
D) .542.