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  3. gross margin (or gross profit) is calculated by a.

Gross margin (or gross profit) is calculated by A. taking the beginning inventory plus cost...

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Question

Accounting

Gross margin (or gross profit) is calculated by

A. taking the beginning inventory plus cost of goods purchased minus ending inventory.

B. subtracting total expenses from total revenues.

C. subtracting cost of goods sold from net sales.

D. Subtracting the ending inventory from cost of goods available for sale.

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