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A manulacturer reports saies of $80,000 and cost of goods sold of 560,000 1. Compute its gross profit ratio. 2. If competitors average a 10

A manulacturer reports saies of $80,000 and cost of goods sold of 560,000 1. Compute its gross profit ratio. 2. If competitors average a 10 gross profit ratio, does this manufacturer compare favorably or unfavorably to its

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