A company reports the following amounts at the end of the year: Sales revenue $ 390,000 Cost of goods sold 200,000 Net income 55,000 Compute the company's gross profit ratio. (Round your final answer...

A company reports the following amounts at the end of the year:


Sales revenue	$	390,000
Cost of goods sold		200,000
Net income		55,000

Compute the company's gross profit ratio.(Round your final answer to the nearest whole percent.)

Gross profit ratio: _____%

Jun 09, 2022

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