Question: LEARNING OBJECTIVE: Calculate the gross margin ratio for a merchandising financial statement analysis. Revenue $456,000 Sales Returns $3,100 Sales Discounts $1,200 Net Sales $451,700 Cost

LEARNING OBJECTIVE: Calculate the gross margin ratio for a merchandising financial statement analysis. Revenue $456,000 Sales Returns $3,100 Sales Discounts $1,200 Net Sales $451,700 Cost of Goods Sold $67,800 Gross Profit Gross Profit Margin % Given the information provided above, what are the gross profit and gross margin ratio

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