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TB MC Qu. 05-27 A company's net sales are... A company's net sales are $817,990, its costs of goods sold are $449,895, and its profit
TB MC Qu. 05-27 A company's net sales are...
A company's net sales are $817,990, its costs of goods sold are $449,895, and its profit is $112,475. Its gross profit margin ratio equals:
Multiple Choice
45.0%.
55.0%.
13.75%.
31.25%
25.0%.
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