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QUESTION 11 1. What does the gross margin measure? a. The percent of sales available to pay operating expenses, interest expense and income taxe b.

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QUESTION 11 1. What does the gross margin measure? a. The percent of sales available to pay operating expenses, interest expense and income taxe b. The percent of sales remaining after deducting cost of goods sold and operating expenses c. The percent of sales available after operating expenses to make scheduled debt reductions d. The percent of sales remaining before deducting the cost of goods sold

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