Multiple Choice
Mega Skateboard Supplier, Inc. 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) 32%.
B) 175%.
C) 43%.
D) 57%.
E) 56%.
Correct Answer:
Verified
Correct Answer:
Verified
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