A company's net sales were $676,600,its cost of goods sold was $236,810 and its net income was $33,750.Its gross margin ratio equals:
A)5%.
B)9.6%.
C)35%.
D)65%.
E)285.7%.

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The Answer of A company's net sales were $676,600,its cost of goods sold was $236,810 and its net income was $33,750.Its gross margin ratio equals:
A)5%.
B)9.6%.
C)35%.
D)65%.
E)285.7%.

A Company's Net Sales Were $676,600,its Cost of Goods Sold