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34. Compute profit margin ratio given the following information. Cost of goods sold: $128,000 Net income: $21,400 Gross profit: $75,000 A. 10.54% B. 28.53% C.

34. Compute profit margin ratio given the following information. Cost of goods sold: $128,000 Net income: $21,400 Gross profit: $75,000 A. 10.54% B. 28.53% C. 58.59% D. 36.95% 4 points

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