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Liberty_University_ACCT_211_Exam_2_Complete_solution
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. A company's net sales were $749,600, its cost of goods sold was $247,370 and its net income was $74,750. Its gross margin ratio equals: 2. 3. A company's gross profit (or gross margin) was $88,890 and its net sales were $366,100. Its gross margin ratio is: 4. 5. A company purchased $4,800 ...
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