A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company's gross margin ratio equals:
18.9%
24.5%
27.8%
34.7%
35.2%
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A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company's gross margin ratio equals:
18.9%
24.5%
27.8%
34.7%
35.2%
Google " gross margin calculation".
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