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TruckMax Inc. reports sales of $28,575,118 thousand and cost of sales of $23,691,824 thousand for the year ended February 28, 2017. What is the gross

TruckMax Inc. reports sales of $28,575,118 thousand and cost of sales of $23,691,824 thousand for the year ended February 28, 2017.

What is the gross profit? ___________

What is gross profit ratio? ___________

How was it computed?

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