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Kolby Enterprises reports the following information on its income statement: Calculate Kolby's gross profit percentage and return on sales ratio kolby is planning to add

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Kolby Enterprises reports the following information on its income statement: Calculate Kolby's gross profit percentage and return on sales ratio kolby is planning to add a new product and experts net sales to be $30,00 and cost of goods to be $25,000 No other income or expense are expected to change How will this affect Lob's gross profit percentage and return on sale ratio? (Round all answers to 1 decimal place.)

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