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What does the gross profit percentage tell you? A higher ratio means that more is available to cover operating expenses. It tells you the dollar

What does the gross profit percentage tell you?

A higher ratio means that more is available to cover operating expenses.

It tells you the dollar amount of profits available to shareholders.

A higher ratio means that less profit is available to cover operating expenses.

It tells you the company's ability to pay its bills as they come due.

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