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Explain the Computation and the Meaning of Each of the Following

question 41

Essay

Explain the computation and the meaning of each of the following:
a.Gross margin percentage
b.Return on sales


Definitions:

Eyewitness Testimony

Evidence provided by individuals who were present at the scene of a crime that involves recounting what they observed.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

False Memory

A mental event where someone mistakenly believes they remember an event that never occurred or recalls the event inaccurately.

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