Question: erchandise Inventory Saved Help Save & Exit A company had net sales of $788,500 and cost of goods sold of $562,260. Its net income was

erchandise Inventory Saved Help Save & Exit A company had net sales of $788,500 and cost of goods sold of $562,260. Its net income was $25,640. The company's gross margin ratio equals: Multiple Choice 25.4% 35.7% 22.7%

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