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JCPenny Had Net Sales of $28,496 Million,cost of Goods Sold

Question 166

Multiple Choice

J.C.Penny had net sales of $28,496 million,cost of goods sold of $19,092 million,and net income of $997 million.Its gross margin ratio equals:

A) 3.5%.
B) 5.2%.
C) 33%.
D) 67%.
E) 149.3%.

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