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A Company Had Net Sales of $752,000 and Cost of Goods

question 92

Multiple Choice

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:


Definitions:

Prewired

A term indicating that certain behaviors or abilities are innate or inherent to an organism, often present from birth.

Nervous Systems

The complex network of nerves and cells that carry messages to and from the brain and spinal cord to various parts of the body.

Cross-Sequential Research

An approach that combines the longitudinal and cross-sectional methods by following individuals of different ages for abbreviated periods of time.

Longitudinal

A research design in which the same subjects are observed or tested repeatedly over a period of time.

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