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

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating Expenses } & \$ 90,000 \\\text { Sales Returns and Allowances } & 18,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales Revenue } & 320,000 \\\text { Cost of Goods Sold } & 174,000\end{array}$$ The gross profit rate would be

A) .363.
B) .400.
C) .456.
D) .503.