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A company's net sales were $702,300, its cost of goods sold was $240,890 and its net income was $47,700. Its gross margin ratio equals: 6.8%.
A company's net sales were $702,300, its cost of goods sold was $240,890 and its net income was $47,700. Its gross margin ratio equals:
6.8%.
19.80%.
34.30%.
65.7%.
291.50%.
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