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Question Completion Status: E. Increase an expense; increase a revenue QUESTION 16 A company's net...

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Question Completion Status: E. Increase an expense; increase a revenue QUESTION 16 A company's net sales are $848,950, its costs of goods sold are $460,130, and its net income is $118,715. Its gross margin ratio equals: 31.8%. A. 54.2%. B. 25.8%. C. D. 14% 45.8%. E. QUESTION 17 JJ Corporation has the following unadjusted balances: Accounts Receivable, 596,000 (debit), and Allowance for Sales Discounts S150 (cred Click Save and submit to see and subunit. Click Save All Aresteers to save all answers

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