BE5-9 Assume Baja Company has the following account balances: Sales $510,000, Sales
Returns and Allowances $15,000, Cost of Goods Sold $350,000, Selling Expenses $70,000, and
Administrative Expenses $40,000. Compute the following: (a) net sales, (b) gross profit, (c) income from operations, and (d) gross profit rate. (Round to one decimal place.)
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