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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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