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A company's gross profit (or gross margin) was $77,880 and its net sales were $354,000. Its gross margin ratio is: Multiple Choice $274,170 2% 69%

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A company's gross profit (or gross margin) was $77,880 and its net sales were $354,000. Its gross margin ratio is: Multiple Choice $274,170 2% 69% 22% $77,630

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