Multiple Choice
Calculate gross profit given the following information: accounts receivable = $40,000; inventory = $80,000; receivable turnover = 25 times; inventory turnover = 6 times.
A) $500,000
B) $520,000
C) $540,000
D) $580,000
E) $620,000
Correct Answer:
Verified
Correct Answer:
Verified
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