Multiple Choice
A company has a gross margin ratio of 40%.Cost of Goods Sold equals $360,000.Its selling,general and administrative expenses total $87,500.Its sales for the period equals
A) $240,000.
B) $87,500.
C) $152,500.
D) $360,000.
E) $600,000.
Correct Answer:
Verified
Correct Answer:
Verified
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