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What anthony gross profit ratio is

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Reference no: EM132680411

Anthony Corporation reported the following amounts for the year:

Net sales $296,000

Cost of goods sold 138,000

Average inventory 50,000

Problem 1: Anthony's gross profit ratio is:

Multiple Choice

A: 53.4%.
B: 51.9%.
C: 50.3%.
D: 46.6%.

Reference no: EM132680411

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