Question: Can you solve this general accounting problem with appropriate steps and explanations? Urban Outfitters Co. reported net sales of $5.2 million, cost of goods sold

Can you solve this general accounting problem with appropriate steps and explanations?

Urban Outfitters Co. reported net sales of $5.2 million, cost of goods sold of $2.0 million, and net income of $0.8 million during the year. What is Urban Outfitters gross margin ratio

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