Question: Problem #2 A company reported the following information for the month of November: Sales $ Sales discounts Sales Returns and Allowances Cost of Goods Sold

Problem #2 A company reported the following information for the month

Problem #2 A company reported the following information for the month of November: Sales $ Sales discounts Sales Returns and Allowances Cost of Goods Sold 50,475 235 2,840 33,975 REQUIRED: Calculate the Gross Margin ratio for November

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