Calculate the Gross Margin Ratio for Each of the Following

question 174

Essay

Calculate the gross margin ratio for each of the following separate cases A through C:
$$\begin{array} { | l | l | l | l | } \hline & \text { A } & \text { B } & \text { C } \\\hline \text { Net sales } & \$ 145,000 & \$ 623,500 & \$ 37,800 \\\hline \text { Cost of goods sold } & 83,600 & 269,200 & 13,230 \\\hline\end{array}$$

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Definitions:

Flak

A term often used to describe strong criticism or opposition, typically in a public or media context.

Journalists

Professionals who collect, write, or distribute news and other current information to the public through various media platforms.

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa.

United States Population

The total number of people living in the United States, which fluctuates due to factors such as birth rates, death rates, and immigration.