is this correct Knowledge Check 01 Network Systems, Incorporated, had net sales of $750,000, cost of goods sold of $562,500, and net income of $100,000 Its gross margin ratio is closest to

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is this correct Knowledge Check 01 Network Systems, Incorporated, had net sales of $750,000, cost of goods sold of $562,500, and net income of $100,000  Its gross margin ratio is closest to

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Question: is this correct Knowledge Check 01 Network Systems, Incorporated, had net sales of $750,000, cost of goods sold of $562,500, and net income of $100,000.

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