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Williamson Inc. has Sales of $90,000, Sales Returns and Allowances of $4,700, Sales Discounts of $1,300 and Cost of Goods Sold of $63,000. What is
Williamson Inc. has Sales of $90,000, Sales Returns and Allowances of $4,700, Sales Discounts of $1,300 and Cost of Goods Sold of $63,000. What is Williamson's Gross Margin Ratio? Group of answer choices
42.86%
30%
33%
25%
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