What is gross profit or gross margin on sales? How is the gross profit ratio computed? In
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What is gross profit or gross margin on sales? How is the gross profit ratio computed? In your explanation, assume that net sales revenue is $100,000 and cost of sales is $60,000.
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Related Book For 
Financial Accounting
ISBN: 9781260065954
7th Canadian Edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, Maureen Sterling
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