Question: Use the following information to answer the question below: Brazel Corp. has the following information available for the year just ended: Description Amount Net Sales

Use the following information to answer the question below: Brazel Corp. has the following information available for the year just ended: Description Amount Net Sales $5,000,000 Cost of Goods Sold 3,000,000 Operating Expenses 800,000 Net Income $1,200,000

QUESTION: What is Brazel's gross profit ratio expressed as a percentage of sales?

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