Gross margin ratio: It depicts the margin that a business is earning from its operating activities in terms of percentage of net sales. To Determine: The highest to lowest rank of the three companies based on its gross margin ratio.

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Chapter 5, Problem 9BTN

To determine

Concept introduction:

Gross margin ratio: It depicts the margin that a business is earning from its operating activities in terms of percentage of net sales.

To Determine: The highest to lowest rank of the three companies based on its gross margin ratio.

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