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Profitability Analysis Glass Mug Corporation reports the following information on its year-end income statement: Net Sales Other Income Cost of Goods Sold Operating Expenses $0$200,000$400,000$600,000

image text in transcribed Profitability Analysis Glass Mug Corporation reports the following information on its year-end income statement: Net Sales Other Income Cost of Goods Sold Operating Expenses $0$200,000$400,000$600,000 Corporation Selection Glass Mug k0[] Required Calculate Glass Mug's gross profit percentage and return on sales ratio (also called profit margin)

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