Question: The gross margin ratio: Multiple Choice Is also called the net profe ratio. Indicates the percent of net sales remaining after covering the cost of

The gross margin ratio:
Multiple Choice
Is also called the net profe ratio.
Indicates the percent of net sales remaining after covering the cost of the goods sold.
Is also called the profit margin.
Is a measure of liquidty and should exceed 2.0 to be acceptable.
Should be greeter than 1 for merchandising companies.
The gross margin ratio: Multiple Choice Is also

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