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Which of the following statements is correct regarding the gross profit margin? It measures the percentage of net sales remaining after the cost of goods

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Which of the following statements is correct regarding the gross profit margin? It measures the percentage of net sales remaining after the cost of goods sold is deducted. None of the answers is correct. It measures the percentage of sales that remains after payment of cost of goods sold and all other expenses except for interest and taxes. It measures the percentage of sales remaining after all of the firm's expenses, including interest and taxes have been paid

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