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Given the selected financial information for Storm Company, what is gross margin? Sales $1,080,000 Net income $204,000 Ending inventory $304,000 Cost of goods sold $640,000

Given the selected financial information for Storm Company, what is gross margin?

Sales	$1,080,000
Net income	$204,000
Ending inventory	$304,000
Cost of goods sold	$640,000

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