Question: Dimension Lighting Corp. has the following data at its fiscal year-end: Net Sales $27,250 Cost of Goods Sold 19,600 Gross Profit $7,650 Determine Dimension Lighting's

Dimension Lighting Corp. has the following data at its fiscal year-end:

Net Sales $27,250
Cost of Goods Sold 19,600
Gross Profit $7,650

Determine Dimension Lighting's gross profit ratio.

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