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Mega Skateboard Supplier Had Net Sales of $2

Question 107

Multiple Choice

Mega Skateboard Supplier had net sales of $2.8 million, its cost of goods sold was $1.6 million, and its net income was $0.9 million. Its gross margin ratio equals:


A) 175%.
B) 32%.
C) 43%.
D) 57%.
E) 56%.

Correct Answer:

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