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  3. sales $ 170,000 $ 950,000 $ 58,000 $ 277,000 sal

Sales $ 170,000 $ 950,000 $ 58,000 $ 277,000 Sales...

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Accounting

Sales $ 170,000 $ 950,000 $ 58,000 $ 277,000
Sales discounts 5,00022,0006005,400
Sales returns and allowances 16,0006,0005,9002,300
Cost of goods sold 98,340585,47039,655129,264
(a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies.
(b) Which company has the better gross margin ratio?

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