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Refer to the following mentioned data. Required: a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbeli's net

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Refer to the following mentioned data. Required: a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbeli's net sales for the first four months of 2021 totaled $12.88 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2020. Complete this question by entering your answers in the tabs below. Assume that Campbelis net sales for the first four months of 2021 totaled $12.88 billion. Calculate an estimated cost of goods sold and gross proft for the four months, using the gross profit ratio for 2020 . Note: Round intermedate calculations to 2 decimal places. Enter your answers in millions rounded to nearest whole number (1.e, 5,000,000 should be entered as 5). Refer to the following mentioned data. Required: a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbeli's net sales for the first four months of 2021 totaled $12.88 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2020. Complete this question by entering your answers in the tabs below. Calculate the gross profit ratio for each of the past three years. Note: Round your answers to 2 decimal places

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