The following selected financial information is available for Pham Enterprises for the year ended December 31:
-Refer to the information provided for Pham Enterprises. What is the company's gross profit ratio for the year ended December 31?
Definitions:
1920s
Ten years known for cultural vibrancy and economic success in the United States, frequently called the "Roaring Twenties."
National Output
National output is the total value of goods and services produced by an economy over a specific period, reflecting the economic productivity.
1929
The year marked by the Wall Street Crash, leading to the Great Depression, a significant worldwide economic downturn.
Recession
A period marked by a significant decline in economic activity across the economy, lasting for several months or more, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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