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    Fundamental Accounting Principles
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    Exam 9: Analyzing Financial Statements
  5. Question
    Sleep Sack Had Net Sales of $650,500,its Cost of Goods
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Sleep Sack Had Net Sales of $650,500,its Cost of Goods

Question 191

Question 191

True/False

Sleep Sack had net sales of $650,500,its cost of goods sold was $357,000,and its profit was $13,750.The gross margin ratio was 45.1%.

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