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The gross profit margin ratio is calculated according to which one of the following formulae? A. Gross profit divided by sales revenue (as a percentage)

The gross profit margin ratio is calculated according to which one of the following formulae? A. Gross profit divided by sales revenue (as a percentage) B. Gross profit divided by capital employed (as a percentage) C. Gross profit divided by cost of sales (as a percentage) D. Gross profit divided by total equity (as a percentage)

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