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JCPenny Had Net Sales of $28,496 Million,its Cost of Goods

Question 134

Multiple Choice

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


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

Correct Answer:

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