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

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 36,000 \\\text { Sales revenue } & 150,000 \\\text { Cost of goods sold } & 105,000\end{array}$$ The gross profit rate would be

A) .70.
B) .24
C) .06.
D) .30.