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9 A companys net sales were $727,700, its cost of goods sold was $244,510 and its net income was $62,450. Its gross margin r
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Answer #1
Particulars Amount (in $ )
Net Sales $ 727,700
Less: Cost of Goods Sold ($ 244,510 )
Gross Margin $ 483,190
Gross Margin ratio
       = Gross Margin / Net Sales
       = $ 483,190 / $ 727,700
66.4%
Option (C ) is Correct
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