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Corry Marchand, owner of the company, strives to earn a gross margin of at least 50 percent and a net income of 20 percent (Net
Corry Marchand, owner of the company, strives to earn a gross margin of at least 50 percent and a net income of 20 percent (Net income percentage = Net income Net sales revenue). Did Marchand Distributors achieve these goals? Show your calculations. Round these answers to one decimal place.
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