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PsP Skateboards had net sales of $2,800,000, its cost of goods sold was $1,800,000, and its net income was $1,200,000. Its gross margin ratio equals:

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PsP Skateboards had net sales of $2,800,000, its cost of goods sold was $1,800,000, and its net income was $1,200,000. Its gross margin ratio equals: Multiple Cholse. 64. 36% 67% 1568

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