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The gross profit margin ratio is calculated by dividing 1) profit by sales revenue 2) profit by shareholder's equity. 3) gross profit by sales revenue.
The gross profit margin ratio is calculated by dividing
1)
profit by sales revenue
2)
profit by shareholder's equity.
3)
gross profit by sales revenue.
4)
sales revenue by cost of sales
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
