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Which statement is true concerning the gross margin percentage? It indicates how much a company earns per dollar of sales taking into account the cost

Which statement is true concerning the gross margin percentage?

It indicates how much a company earns per dollar of sales taking into account the cost of items it sells

It indicates how much earnings are generated on each share of common stock

It indicates the amount of sales generated for each dollar of assets

It measures the amount of net income generated for each dollar of sales

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