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Given the selected financial information for Storm Company, what is gross margin? Sales $1,040,000 Net income $202,000 Ending inventory $302,000 Cost of goods sold $620,000

Given the selected financial information for Storm Company, what is gross margin? Sales $1,040,000 Net income $202,000 Ending inventory $302,000 Cost of goods sold $620,000 Multiple Choice $536,000 $738,000 $420,000 $838,000

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