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a gross profit ratio of 55% indicates that: multiple choice for each $1 of sales, the company generates $0.55 in gross profit. for each $1 of gross profit, the company generates $0.55 in net income. for each $1 of net income, the company generates $0.55 in gross profit. for each $1 of gross profit, the company generates $0.55 in sales.

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A gross profit ratio of 55% indicates that .The company generates $0.55 in gross profit Option A is correct

The gross profit of a business is determined by subtracting the total sales from the total cost of the goods sold. All products sold by the business are included in the overall sales. All of the variable expenses related to sales are added together to form the overall cost of the products sold. When cost of goods sold (COGS) is subtracted from revenue, the result is a company's gross profit, which is displayed on its income statement (sales). These figures will appear on a company's income statement. Other names for gross profit include sales profit and gross income.

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