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The following data is from the income statement of Ralston Company: Revenue 3500 Cost of goods sold (2100) Operating expenses (700) Net income 700 What

The following data is from the income statement of Ralston Company:

Revenue 3500

Cost of goods sold (2100)

Operating expenses (700)

Net income 700

What is the company's gross margin percentage?

Note: Round your answers to three decimal places.

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