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Compute the Anthony gross profit ratio

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Reference no: EM132711319

Question - Anthony Corporation reported the following amounts for the year:

Net sales $296,000

Cost of goods sold 138,000

Average inventory 50,000

Required - Compute the Anthony's gross profit ratio?

A: 53.4%.

B: 51.9%.

C: 50.3%.

D: 46.6%.

Reference no: EM132711319

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