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Calculate DeGregg's gross profit margin/ratio. You are analyzing DeGregg's income statement as follows: Sales - gross $337,000 Cost of Goods Sold $75,000 Operating Expenses $155,000

image text in transcribedCalculate DeGregg's gross profit margin/ratio.

You are analyzing DeGregg's income statement as follows: Sales - gross $337,000 Cost of Goods Sold $75,000 Operating Expenses $155,000 Interest Expense $35,000 Calculate DeGregg's gross profit margin/ratio

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