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ABAC Farm's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: Question 15 options: 4.2%. 24.1%.

ABAC Farm's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: Question 15 options: 4.2%. 24.1%. 75.9%. $83,750. $264,050

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