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Company A Sales: 20,000 COGS: $10,000 Company B Sales: $40,000 COGS: $30,000 Company C Sales: $10,000 COGS $4,000 Using the Gross Profit Ratio, which company

Company A

Sales: 20,000

COGS: $10,000

Company B

Sales: $40,000

COGS: $30,000

Company C

Sales: $10,000

COGS $4,000

Using the Gross Profit Ratio, which company has the highest gross profit margin?

Group of answer choices

A- Cannot be determined.

B- Company A

C- Company C

D- Company B

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