Express operating expenses as a common-size percentage

Paid short-term portion of notes payable, $600,000
August 30, 2020
What is the rate earned on common stockholder’s equity
August 30, 2020

Express operating expenses as a common-size percentage using the following
data. Sales – $45,000: cost of goods sold – $29,340; gross profit from sales – $15,660; operating expenses – $10,800; net income -$4,860.

 
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