Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Calculate it's gross margin ratio?
Transcribed Image Text:A company's net sales were $727,700, its cost of
goods sold was $244,510, and its net income was
$62,450. Calculate its gross margin ratio.
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