A company earned a gross profit of $4,000,000 and had net sales of $12,000,000. What is the gross margin and what does the result imply to the reviewer? The question does not provide sufficient information to offer a proper calculation. The 33.3% gross margin represents for every dollar in sales, the company spends $0.667 to produce the product sold. The 3.33% gross margin represents for every dollar in sales, the company spends $0.9667 to produce the product sold The 66.7% gross margin represents for every dollar in sales, the company spends $0.333 to produce the product sold