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  3. x co. has the following information: sale $ 1,200,

X Co. has the following information: Sale $ 1,200,000 Cost of sales $800,000 Operating expenses...

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Accounting

X Co. has the following information:

Sale $ 1,200,000

Cost of sales $800,000

Operating expenses $200,000

current liabilities $120,000

Non-current liabilities $200,000

share capital $ 500,000

Retained earnings $ 300,000

the gross margin ratio is

a.

3 x

b.

20%

c.

17%

d.

34%

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