Dobby's income statement lists net sales of $179,000 and a gross margin of $111,000. All other expenses

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Dobby's income statement lists net sales of $179,000 and a gross margin of $111,000. All other expenses not included in the gross margin totaled $46,500.

Required:

1. Calculate Dobby's gross profit ratio.

2. Calculate Dobby's net profit margin ratio?

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Cornerstones of Financial Accounting

ISBN: 978-1337690898

4th edition

Authors: Jay Rich, Jeff Jones

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Question Posted: Dec 11, 2017 08:29 AM

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Dobby's income statement lists net sales of $179,000 and a gross margin of $111,000. All other expenses

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Cornerstones of Financial Accounting

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