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For the profitability analysis, compute McDonough Products%u2019 (a) ratio of gross profit to net sales (b) ratio of operating income to net sales, and (c)

For the profitability analysis, compute McDonough Products%u2019 (a) ratio of gross profit to net sales (b) ratio of operating income to net sales, and (c) ratio of net income to net sales. Compare these figures with the industry averages. Is McDonough Products%u2019 profit performance better or worse than the average for the industry?

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