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Required information [The following information applies to the questions displayed below.] Income statements and balance sheeVIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2020 211,500 85,500 135,500 14,700 $ 193,000 88,000 112,000 12,702. Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2021 2022 Gross p

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Coros Roft ratio lip) = Cos fioft x 100 * 100 Net Sales 2021 GP = 1114000 4100 3071000 2022 GP - 1058000 *100 3545000 36.311.→ - Profit margin (PM) Net Income x100 Net Sales : 2022 2 PM = 28800 x100 2021 : PMS - 139800 *100 3071000 2545000 -4.6% = 0.

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