Multiple Choice
A company has a gross margin ratio of 45% on net sales of $850,000.Its selling,general and administrative expenses total $212,500.Its cost of goods sold for the period equals:
A) $382,500.
B) $467,500.
C) $170,000.
D) $212,000.
E) $76,500.
Correct Answer:
Verified
Correct Answer:
Verified
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