A company reports the following amounts at the end of the year:
Sales revenue
Cost of goods sold
Net income
$\$ 300,000$
225,000
50,000
Compute the company's gross profit ratio.

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The Answer of A company reports the following amounts at the end of the year:
Sales revenue
Cost of goods sold
Net income
$\$ 300,000$
225,000
50,000
Compute the company's gross profit ratio.

A Company Reports the Following Amounts at the End of the Year