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A company's net sales were $724,200, its cost of goods sold was $244,050 and its net income was $60,000. Its gross margin ratio equals: o

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A company's net sales were $724,200, its cost of goods sold was $244,050 and its net income was $60,000. Its gross margin ratio equals: o 8.3%. 24.59%. 33.70%. o 66.3%. 0 296.70%. Check my work oW F6 8 F4 20 F5

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