Peg Had Net Sales of $28,496 Million, Its Cost of Goods

question 21

Multiple Choice

Peg had net sales of $28,496 million, its cost of goods sold was $19,092 million, and its net income was $997 million. Its gross margin ratio equals:

• A) 3.5%.
• B) 5.2%.
• C) 33%.
• D) 67%.
• E) 149.3%.

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