Mega Skateboard Supplier had net sales of $3.0 million, its cost of goods sold was $1.8 million, and its net income was $0.9 million. Its gross margin ratio equals:
A. 50%.
B. 167%.
C. 60%.
D. 30%.
E. 40%.
Answer: E
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Which of the following exemplifies a pure competitive market?
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Cost-volume-profit analysis is based on necessary assumptions. Which of the following is not one of these assumptions?
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