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

the gross margin ratio:

Multuple Choice Is also called the net profit ratio. Indicates the percent of net sales remaining after covering the cost of the goods sold. Should be greater than 1 for merchandising companles. Is also called the profit margin. Is a measure of liquidity and should exceed 20 to be acceptable

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