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A company's gross profit (or gross margin) was $84,000 and its net sales were $350,000. Its gross margin ratio is: Multiple Choice $264,050. 24%. 75%.
A company's gross profit (or gross margin) was $84,000 and its net sales were $350,000. Its gross margin ratio is:
Multiple Choice
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$264,050.
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24%.
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75%.
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4%.
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$83,750.
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Cost Accounting
Authors: M.Y. Khan, P.K. Jain
2nd Edition
9339203445, 9789339203443
