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The gross margin ratio: Multiple Choice Is also called the profit margin. Is a measure of liquidity and should exceed 2.0 to be acceptable. Should
The gross margin ratio:
Multiple Choice
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Is also called the profit margin.
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Is a measure of liquidity and should exceed 2.0 to be acceptable.
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Should be greater than 1 for merchandising companies.
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Indicates the percent of sales revenue remaining after covering the cost of the goods sold.
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Is also called the net profit ratio.
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