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2 0 2 0 net sales = $ 4 0 3 , 9 8 2 , Cost of goods sold = $ 2 5 4

2020 net sales= $403,982, Cost of goods sold= $254,7112021 net sales= $493,355, cost of goods sold=$265,192A) calculate the gross profit from sales for each yearB) Calculate the gross profit ratio for each year. Show your calculations.

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