A company reported the following information for the month of November: 
Required: Calculate this company's gross margin ratio.
Definitions:
Simple Rate Of Return
A metric used to evaluate the gain or loss on an investment relative to the amount invested, expressed as a percentage.
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity level to meet short-term obligations and operations.
Annual Net Operating Cash Inflows
The total amount of money that flows into a business from its operational activities, after all operational expenses have been paid, over a one-year period.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.
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