The gross profit is generally considered to be more informative than the gross profit amount when expressing the relationship between gross profit and net sales. Provide the gross profit ratio, and briefly explain why it is considered more informative than the amount.

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The Answer of The gross profit is generally considered to be more informative than the gross profit amount when expressing the relationship between gross profit and net sales. Provide the gross profit ratio, and briefly explain why it is considered more informative than the amount.

The Gross Profit Is Generally Considered to Be More Informative