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Posted on Sep 28, 2024

A company reports service revenue of $ 8 , 9 0 0 for a recent job that cost $ 5 , 2 5 1 to

A company reports service revenue of $

8, 900

for a recent job that cost $

5, 251

to complete.a

)

Compute the gross profit ratio on this job.b

)

If competitors average a

33 %

gross profit ratio, did the company perform better or worse on this job compared to its competitors?

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