Question: I am looking for the correct answer to this general accounting problem using valid accounting standards. Reported figures for the year are as follows: Net

I am looking for the correct answer to this general accounting problem using valid accounting standards.

I am looking for the correct answer to this
Reported figures for the year are as follows: Net sales: $1,250,000 Cost of goods sold: $800,000 Net income: $120,000 Calculate the gross margin

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