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Given below are the 209 net sales, gross profit and total operating expense figures for three businesses in the same industry. Use the data and
Given below are the 209 net sales, gross profit and total operating expense figures for three businesses in the same industry. Use the data and your knowledge of accounting to answer the questions that follow: You are to drag and drop the correct business to the appropriate answer box shown below- (a) Which business made 22 cents net profit for each dollar of sales during 209 ? (b) Which business had the highest gross profit ratio in 209 ? (c) Which business had COGS of $484000 in 209
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