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    Fundamental Accounting Principles Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    The Gross Margin Ratio Is Defined as Gross Margin Divided
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The Gross Margin Ratio Is Defined as Gross Margin Divided

Question 177

Question 177

True/False

The gross margin ratio is defined as gross margin divided by net sales.

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