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A company reports the following amounts at the end of the year: Sales revenue Cost of goods sold Net income $350,000 245,000 58,000 Compute the

A company reports the following amounts at the end of the year: Sales revenue Cost of goods sold Net income $350,000 245,000 58,000 Compute the company's gross profit ratio. (Round your final answer to the nearest whole percent.) Gross profit ratio %

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