Question: Analysis component: Assume that for the month ended October 31, 2020, net sales were $49,000, cost of goods sold was $36,200, and income from

Analysis component: Assume that for the month ended October 31, 2020, net sales were $49,000, cost of goods sold was $36,200, and income from operations was $10,000. Calculate the company's gross profit ratios for October and November. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) October November Gross Profit % %

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