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A Company Has Net Sales of $825,000 and Cost of Goods

Question 54

Multiple Choice

A company has net sales of $825,000 and cost of goods sold of $547,000.Its net income is $98,500.The company's gross margin and operating expenses,respectively,are:


A) $209,000 and $191,470
B) $278,000 and $179,500
C) $278,000 and $98,500
D) $179,500 and $98,500
E) $645,500 and $179,500

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