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GS Retail reported the following for the past two fiscal years: Current Attempt in Progress GS Retail reported the following for the past two fiscal
GS Retail reported the following for the past two fiscal years:
Current Attempt in Progress GS Retail reported the following for the past two fiscal years: Net sales Cost of goods sold Profit 2021 $972,000 613,332 72,900 2020 $805,000 503,125 66,010 Calculate the gross profit margin and profit margin for both years. (Round answers to 2 decimal places, e.g. 12.73%.) 2021 2020 Gross profit margin Profit margin % % Comment on any changes in profitability. GS Retail's profitability hasStep by Step Solution
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