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$70,000 Question 21 (2 points) data Nu Company reported the following data for its first year of operations: Net Sales $2,800 Cost of Goods Sold

$70,000 Question 21 (2 points) data Nu Company reported the following data for its first year of operations: Net Sales $2,800 Cost of Goods Sold $1,680 Operating Expenses $880 Ending Inventory $820 What is the gross profit ratio? 80% 49% 40%

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