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A company's net sales were $749,600, its cost of goods sold was $247,370 and its...

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Accounting

A company's net sales were $749,600, its cost of goods sold was $247,370 and its net income was $74,750. Its gross margin ratio equals:

Multiple Choice

67.0%.

30.22%.

10.0%.

303.00%.

33.00%.

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