A Company's Gross Profit Was $83,750 and Its Net Sales

question 58

Multiple Choice

A company's gross profit was $83,750 and its net sales were $347,800. Its gross margin ratio equals:

• A) 4.2%.
• B) 24.1%.
• C) 75.9%.
• D) $83,750.
• E) $264,050.

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Definitions:

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