During the current year, Carter Company reported $600,000 in sales, andpurchased merchandise that cost $384,000. The company's beginning inventory and ending inventory was $60,000. Calculate the gross profit ratio.

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The Answer of During the current year, Carter Company reported $600,000 in sales, andpurchased merchandise that cost $384,000. The company's beginning inventory and ending inventory was $60,000. Calculate the gross profit ratio.

During the Current Year, Carter Company Reported $600,000 in Sales