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Anthony Corporation Reported the Following Amounts for the Year: Anthony's

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Anthony Corporation reported the following amounts for the year: Anthony's gross profit ratio is:
 Net sales $296,000 Cost of goods sold 138,000 Average inventory 50,000\begin{array} { | l | r | } \hline \text { Net sales } & \$ 296,000 \\\hline \text { Cost of goods sold } & 138,000 \\\text { Average inventory } & 50,000 \\\hline\end{array}

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