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. A companys gross profit was $118,350 and its net sales were $466,300. Its gross margin ratio equals: a. 74.6% b. 3.9% c. $118,350 d.

. A companys gross profit was $118,350 and its net sales were $466,300. Its gross margin ratio equals:

a. 74.6% b. 3.9% c. $118,350

d. 25.4%

e. $466,300

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