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SLO 5: ABAC Farms' net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio
SLO 5: ABAC Farms' net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio equals: Question 14 options: 5%. 9.6%. 35%. 65%. 285.7%.\
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