The following data is from the income statement of Ralston Company:
What is the company's gross margin percentage?
Definitions:
Least Common Denominator
The smallest common multiple of the denominators of two or more fractions, used in addition and subtraction of fractions.
Denominator
The bottom number in a fraction, indicating the total number of equal parts the whole is divided into.
Fraction
A mathematical expression representing a part of a whole or a part of a group by using two numbers, the numerator over the denominator.
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