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Given the information below, calculate the gross profit ratio. Sales Revenue Accounts Receivable Ending Inventory Cost of Goods Sold Sales Returns $320,000 $50,000 $100,000 $250,000

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Given the information below, calculate the gross profit ratio. Sales Revenue Accounts Receivable Ending Inventory Cost of Goods Sold Sales Returns $320,000 $50,000 $100,000 $250,000 $20,000 Multiple Choice 28.1% 16.7% 37.59

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