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A company reports the following amounts a the end of the year: Sales revenue Cost of goods sold Net income $ 360,000 210,000 55,000 Compute

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A company reports the following amounts a the end of the year: Sales revenue Cost of goods sold Net income $ 360,000 210,000 55,000 Compute the company's gross profit ratio. (Round your final answer to the nearest whole percent.) Gross profit ratio

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