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A company had net sales of $735,700 and the cost of goods sold of $534,000. Its net income was $21,400. The company's gross margin ratio
A company had net sales of $735,700 and the cost of goods sold of $534,000. Its net income was $21,400. The company's gross margin ratio equals (round the final answer to the nearest 3 decimal places, i.e. 26.72% would be .267 or .24555 would be .246)
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