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    Accounting For Managers Interpreting
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    Exam 7: Interpreting Financial Statements
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    Gross Margin Is
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Gross Margin Is

Question 18

Question 18

Multiple Choice

Gross margin is


A) The difference between sales and cost of goods sold
B) Gross profit as a percentage of sales
C) Operating profit as a percentage of sales
D) The difference between gross profit and operating profit

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