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Problem #2 A company reported the following information for the month of November: Sales $ 50,475 Sales discounts 235 Sales Returns and Allowances 2,840 Cost

Problem #2 A company reported the following information for the month of November: Sales $ 50,475 Sales discounts 235 Sales Returns and Allowances 2,840 Cost of Goods Sold 33,975 REQUIRED: Calculate the Gross Margin ratio for November

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