Question $4($Mandatory$)(4$ points$)$

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J$.$C$.$ Penny had net sales of $$28,496$ million, its cost of goods sold was $$19,092$ million, and its net income was $$997$ million. Its gross margin ratio equals:

$3\mathrm{.}5\%.$

$5\mathrm{.}2\%.$

$33\%.$

$67\%.$

$149\mathrm{.}3\%.$