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Use the guidance and financial statements below to perform the calculations. Assume no dividends have been distributed, and retained earnings is the cumulative profit for

Use the guidance and financial statements below to perform the calculations. Assume no dividends have been distributed, and retained earnings is the cumulative profit for the business. QUESTION 1 Gross Profit Margin: The ratio of cost of goods to sales as a percent; this is an indication of how pricing affects profitability. Gross Margin Sales x100= Answer % Show your work or leave a comment

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