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QS 5-16 Gross prot ratio 3] L06 Willaby Company had net sales of $248,000 and cost of goods sold of $114080. Calculate and interpret the

QS 5-16 Gross prot ratio 3] L06 Willaby Company had net sales of $248,000 and cost of goods sold of $114080. Calculate and interpret the gross prot ratio. assuming the gross prot ratio for the industry is an average of 53%

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