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A Company Reported the Following Information for the Month of July

Question 100

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A company reported the following information for the month of July:
 Net Sales $57,500 Cost of goods sold 33,200\begin{array} { | l | l | } \hline \text { Net Sales } & \$ 57,500 \\\hline \text { Cost of goods sold } & 33,200 \\\hline\end{array} Required: Calculate this company's gross margin ratio.

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